2019 (4) TMI 1470

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.... of unexplained cash deposit in the bank account. 3. Brief facts of the case are that the ld.AO got information that the assessee has deposited a sum of Rs. 20,63,898/- in cash in his saving bank account during the accounting year relevant to the Asstt.Year 2008-09. The assessee has not been filing return of income. Therefore, he took cognizance of section 148 of the Income Tax Act and issued notice to the assessee. In response to the notice of the AO, the assessee did not appear before the AO. In an ex parte order the ld.AO observed that cash was deposited on 15 occasions and since the assessee failed to explain the source of such deposits, he made addition of Rs. 11,67,269/-. On appeal, the ld.CIT(A) has confirmed the addition by recor....

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....ubmitted the proof of past income in both the cases and it was also ascertained that ^appellant and his wife are not assessed to tax in earlier years. Hence, there is no claim of such savings without earning of legitimate income. Appellant has also claimed Rs. 1,38,999/- and Rs. 1,54,000/- as current income in the case of the appellant and his wife out of which cash was deposited. However, no books of accounts and the mode of business disclosed during the appellate proceedings. Hence, the contentions made by the appellant do not help him. Considering the above facts, the claim of the appellant cannot be accepted without evidences and the addition made by the AO of Rs. 11,67,270/- is held justified and is hereby confirmed." 4. Wi....

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....7. 184000   10000       25000   20/03/2007. 188431   25000       25000   21/03/2007. 188432   25000       10000   28/03/2007. 188433   10000       105000   29/03/2007. 180925   105000       10000   11/04/2007.     10000       10000   17/04/2007.     10000       5000   18/04/2007. 136803 5000 67000    17/08/2007.  99999 62000 Cash withd....

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.... &nbsp; 15/02/2008. 40000 &nbsp; Deposited by Wife out of her current year&#39;s income. &nbsp; - - 40000 &nbsp; 18/02/2008. 60000 &nbsp; Deposited by assessee out of his past savings &nbsp; &nbsp; &nbsp; 60000 &nbsp; &nbsp; &nbsp;1031949 Cash Inflow Out of Which Cash Deposited to Bank > > < < < Cash Deposited to Bank 1031949 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 8. A perusal of the above would indicate that on certain occasions, the assessee has withdrawn substantial cash viz. on 29.3.2007 he has withdrawn Rs. 1,05,000/-; similarly on 20.3.2007 h....