2020 (7) TMI 491

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ta, Sr. DR ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, This appeal by the assessee is preferred against the order of the CIT(A)-12, New Delhi dated 30.09.2019 pertaining to assessment year 2011-12. 2. The sum and substance of the grounds of the assessee is that the ld. CIT(A) erred in confirming the addition made by the Assessing Officer amounting to Rs. 40.10 lakhs. 3. Briefly stat....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... which was not in her knowledge and when the cash was found, the same was immediately deposited and utilised for repayment of bank loan. 5. This explanation of the assessee did not find any favour with the Assessing Officer who treated the cash deposit as undisclosed income of the assessee and made addition of Rs. 40.10 lakhs. 6. The assessee carried the matter before the ld. CIT(A) and reit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ere is no reason why the addition was sustained by the ld. CIT(A). The ld. counsel for the assessee emphasised that all these evidences were before the lower authorities but none of them were examined for the availability of cash with the assessee. 10. Per contra, the ld. DR strongly supported the findings of the Assessing Officer. It is the say of the ld. DR that the evidences referred to by t....