2018 (2) TMI 1577

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....vocate And Shri Abhishek Oswal, Advocate For the Respondent : Shri V. B. Sargar, D. R. ORDER PER MANISH BORAD, A.M. This appeal of the assessee is directed against the order of CIT(A)-II, Jabalpur dated 28/11/2014 arising out of the order u/s 143(3) of the Act dated 24/10/2013 relating to assessment year 2009-10 fromed by Income Tax Officer, Ward-Satna. The sole grievance of the assess....

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....contract work of Pradhan Mantri Gram Sadak Yojana of Pawwai, District Panna. The assessee also pleaded that regular cash withdrawal from the bank account of Shri Kailash Singh was utilized for purchasing material and payment to labourers for contract work and assessee is not doing any business but is merely a supervisor. However, the Assessing Officer was not satisfied because of the non attendanc....

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....t the instruction of Shri Kailash Singh and there is no alement of income embedded in the alleged cash deposited. 4. On the other hand Learned D.R. vehemently argued supporting the order of the CIT(A).3 5. We have heard rival contentions and perused the record placed before us. Various grounds of appeal raised by the assessee revolve around the issue of addition of Rs. 89,35,000/- made by th....

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....egularly but its further source of investment or application is not known. 5.1 We also find that the source of cash deposit in the alleged bank account of the assessee is out of the cash withdrawals from the accounts of Shri Kailash Singh. The Revenue has not disputed the fact that Shri Kailash Singh is a contractor engaged in road construction and in the year under appeal he had been awarded t....