2017 (7) TMI 1200

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....er Sharma for Mr. Anil Mehta For Respondent(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 frame....

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....all the surrenders, on behalf ot he family, in stock, 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. T....

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....und during search that he admitted the same as unexplained. 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 b....

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.... cash as per books of account of all the firms of the 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 contende....