TaxTMI 
TaxTMI 
2017 (7) TMI 1200
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....espondent(s) : Mr. Mahendra Gargia Judgment:- By way of this appeal, the appellant has challenged the judgment and order passed by the tribunal whereby the tribunal has dismissed the appeal of both the department as well as the assessee. The CIT has partly allowed the appeal of the assessee. This court while admitting the appeal on 28.10.2013 has framed the following questions of law:- 1. Whet....
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....ock, property, jewellery and cash were made by him. Statemetn given by Sh. Pushpendra Pandey has been signed by Sh. Satyanarain Pandey, the assessee and their father Sh. Rameshwar Lal Pandey confirming and accepting the contents of the statement including surrenders made for investment in stock, property, jewellery and cash of undisclosed incomes. Thus the statement of Sh. Pushpendra Pandey is equ....
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....ained. The appellant or Sh. Pushpendra Pandey were never compelled to make surrender in respect of cash o the basis of incomplete cash back. If the cash books of the two firms namely M/s. Pandy Moorti Kala Kendra and M/s. Pandey Moorti Bhandar were incomplete, the onus was on the appellant and Sh. Pushpendra Pandey to get them completed on the basis of vouchers/evidence of receipts and payments at....
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.... group comes to Rs. 38.25 lacs. In these facts and circumstances, I am in agreement with the A.O. that the source of cash of Rs. 7,50,000/- found during search has not een satisfactorily explained. Therefore, the addition of Rs. 3,75,000/- (on half of Rs. 7,50,000/-) made by the A.O. representing unexplained cash is upheld." He contended that in view of the decision rendered by the Supreme ....