2021 (7) TMI 1228

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....iny under CASS to verify the cash deposits in savings bank accounts as they were more than the assessee's turnover. The assessee during the assessment proceedings u/s. 143(3) of the Income Tax Act, 1961 [in short 'the Act'] was asked to furnish information of its business activity, computation of income, bank account statement and details of debits and credits appearing in his savings bank account. However, since the assessee furnished only part of the information, the AO completed the assessment u/s. 144 of the Act and has treated the cash deposits into Citizen Co-operative bank account to the extent of Rs. 58,80,000/- as income of the assessee under the head 'income from other sources' and brought the same to tax. 3....

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....or medical treatment of his father and as such sums could not be brought to tax as income of the appellant. 6. The learned Assessing Officer has failed to consider the fact of treatment undergone by the appellant's father for CANCER treatment at various hospitals in Andhra Pradesh & Telangana, in spite of providing the prescriptions, investigation reports and various hospital bills. The appellant father has also obtained relief fund from AP Chief Minister's relief fund for the CANCER treatment. 7. That the learned Assessing Officer has further erred both in law and on facts in assessing the entire cash deposits into Citizen Co-operative bank account as unexplained cash deposits without giving the benefits of adjust....