2017 (9) TMI 1915

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....the by the assessee is filed against the order of ld. CIT (A)-III, Jaipur dated 16.09.2016 pertaining to assessment year 2011-12. The assessee has raised the following grounds of appeal:- 1. On the facts and in the circumstances of the case and in law, ld. CIT (A) erred in confirming addition of Rs. 30,50,000/- made by AO u/s 68 alleging cash deposits in bank account as undisclosed income. ....

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....essee that the cash deposits were made out of sum received back of advance from one Shri Hanuman, to whom advance was made for purchase of land in earlier years. 3. On the facts and in the circumstances of the case and in law, ld. CIT (A) erred in confirming addition of Rs. 3,65,836/- being difference between DLC and cost of asset transferred by assessee to firm in which he was partner. ....