2018 (11) TMI 324

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....icer on account of cash deposits and other unexplained deposits made in various bank accounts of the assessee aggregating to Rs. 2,73,00,000/-. 2. The facts in brief are that assessee's case was selected for scrutiny under CASS on the ground that the assessee has made deposits in cash in his saving bank account. The Assessing Officer noted that on many occasions there has been non-compliance by the assessee which has been noted by him in the impugned assessment order. Though, he admitted that certain part replies and details have been filed. However, he was not satisfied with the explanation and documents filed by the assessee and held that all the cash deposited in various bank accounts are unexplained and have to be added u/s.68 of the ....

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....erly considered nor has been taken into consideration by the authorities below. He drew our attention to various evidences against various deposits. The same for the sake of ready reference along with reference of the evidences placed in the paper book are reproduced hereunder: - Issue Involved Amount (Rs.) Evidences (pages of Paper Book) Addition representing cash deposits in bank account out of advance for purchase of land by Shri Vineet Khurana AO: Pages 5-6 Para 5 of the 40,00,000 i) Copy of following receipts - Rs. 15,00,000/- dated 5.11.2008 (162) - Rs. 10,00,000/- dated 8.11.2008 (163) - Rs. 5,00,000/Rs. 5,00,000/-- dated 25.1.2009 dated 16.11.2008 (165)(164) - Rs. 5,00,000 dated 31.01.2009 (166) order of assessment ii) C....

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....;   18.35.000 RAJ RANI DEWAN i) Copy of reply filed by Raj Rani Dewan before Assessing Officer (page 89) ii) Copy of gift deed of Rs. 30,00,000/- (page 90) iii) Copy of PAN No. ACUPR7183D (page 91) iv) Copy of computation of net worth of Smt. Raj Rani Dewan (page 92) v) Copy of Passport of Raj Rani Dewan (page 93) vi) Copy of PAN No. ACUPR7183 D (page 94) vii) Copy of affidavit by the following persons - Bhopal Singh (page 95) Shivpal (page 96) viii) Copy of Ikrarnama with Raj Rani Dewan (pages 99-101) ix) Copy of statement recorded of Smt. Raj Rani Dewan during remand- proceedings in the case of appellant (page 102-104) x) Copy of Voter ID Card (page 105) 22.3.2013: page 31 of Paper Book Remand report dated 5.8.2013: pa....

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....3.2013: page 32 of Paper Book CIT(A): Page 19-22 of order 88,70,755 18,00,000 Copy of bank statement (pages 53-55) Copy of confirmation of Rs. 20,00,000/- from Puneet Dewan (page 58) Copy of bank statement (page 60) Copy of statement recorded of Puneet Dewan Karta of M/s Puneet Dwan HUF (pages 62-63) Copy of PAN No of Puneet Dewan AAMPD0385R (page 64) Copy of ledger account of appellant in the books of Shanker Steels (page 65) v) Copy of PAN No. of Shanker Steels AAQFS9202G (page 66) vi) Copy of bank statement of Shanker Steels (page 67) vii) Copy of bank statement of Puneet Dewan HUF (page 68-73) viii) Copy of affidavit of Sh. Puneet Dewan (pages 74-77) M/s Gunu Enterprises i) Copy of letter from Assessing Officer (page 174) ....