2021 (7) TMI 279

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....against the order of the CIT(A)-15, Delhi dated 23.08.2019 pertaining to A.Y. 2016-17. 2. The grievance of the assessee reads as under:- 3. Briefly stated the facts of the case are that the assessee filed his return of income on 01.08.2016 declaring income at Rs. 1063720/-. The return was selected for scrutiny assessment and accordingly statutory notices were issued and served upon the assessee.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oncerned the assessee furnished the copies of the bank statements before the CIT(A). 8. None of the explanation found merit with the CIT(A) who confirmed the assessment. 9. Before us the counsel for the assessee reiterated what has been stated before the lower authorities and the DR relied upon the findings of the AO/CIT(A). 10. We have carefully considered the orders of the authorities below. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....m the Bank Statements, Nagarka Property and Finance Private Limited from where we have verified the payments made to the seller Prabha Sinha addition of Rs. 41 lacs is directed to be deleted. 12. In so far as the cash deposit in the Kotak Mahindra Bank is concerned. We have carefully perused the bank statement which is part of our record. We find that on every entry of cash deposit the Nomenclatu....