2018 (9) TMI 787

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....ted against the order of Ld. CIT (Appeals) - 13, Kolkata dated 18.01.2018 and the solitary issue involved therein relates to the addition of Rs. 25,00,000/- made by the A.O. and confirmed by the Ld. CIT(A) on account of cash deposits found to be made in the bank account of the assessee by treating the same as unexplained cash credit. 2. The assessee in the present case is an individual who is e....

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.... by the assessee was not reflected in his balance sheet for the earlier years and there was no income shown by the assessee from the agriculture. He, therefore, treated the sale agreement of agricultural land filed by the assessee as bogus and made an addition of Rs. 25,00,000/- u/s 68 by treating the cash deposits found to be made in the bank account of the assessee as unexplained. 3. The addi....

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....assessee as unexplained. Aggrieved by the order of the Ld. CIT(A), the assessee has preferred this appeal before the Tribunal. 4. I have heard the arguments of both the sides and also perused the relevant material available on record. The learned counsel for the assessee has submitted that the relevant details and documents were not available with the assessee either during the course of assess....

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....ents filed by the assessee as additional evidence are relevant to decide the issue involved in the present appeal. He however has contended that an opportunity should be given to the AO to verify the said documents which are being filed by the assessee for the first time before the Tribunal to support and substantiate his case, I find merit in this contention of the learned DR. Accordingly the imp....