2018 (12) TMI 1251

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....)-5, Pune dated 27-07-2017 for the Assessment Year 2006-07. 2. Grounds raised by the Assessee are extracted below : "1. The Ld.CIT(A) erred in confirming the addition of Rs. 5,72,431/- made by ITO, Ward-4(5) while passing the order. 2. The Ld. AO had wrongly added Rs. 5,72,341/- i.e. 20% of total cash expenses of Rs. 28,62,154/- on mere presumption that all expenses are made in cash in excess....

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....o derives income from other sources. During the impugned assessment year, assessee filed the return of income on 31-10-2006 declaring total income of Rs. 2,36,480/-. AO noticed that assessee has shown receipts from works and Transport amounting to Rs. 42,41,980/- and expenses amounting to Rs. 39,12,154/-. AO also noticed that assessee claimed to have paid Rs. 28,62,154/- in cash and Rs. 10,50,000/....

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....payments, the CIT(A) sustained the addition of Rs. 5,72,431/-. Eventually, the appeal of the assessee was partly allowed. 5. Aggrieved with the confirmation of addition of 20% on cash payments made by the CIT(A), the assessee is in appeal before the Tribunal with the grounds extracted above. 6. Before me, at the outset, Shri Prakash Billimoria, on behalf of assessee submitted that the individual....