2021 (9) TMI 1082

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ppeal at the instance of the assessee is directed against the CIT(A)'s order dated 16.04.2021. The relevant assessment year is 2017-2018. 2. The assessee has filed a petition for condonation of delay. The CIT(A)'s order is dated 16.04.2021. Therefore, in the normal circumstances, the appeal ought to have been filed before the ITAT on or before 15.06.2021. However, the appeal has been fi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t to the extent of Rs. 7.5 lakh being cash deposits in bank account (the Assessing Officer had made an addition of Rs. 9 lakh). 4. The brief facts of the case are as follows:- The assessee had deposited an amount of Rs. 9 lakh on 13.11.2016 during the demonetisation period in his bank account maintained in Union Bank of India (UBI). The assessee was asked to explain the source of above....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion of Rs. 9 lakh u/s. 69A r.w.s. 115BBE of the I.T. Act. 5. Aggrieved by the addition of Rs. 9 lakh, the assessee preferred an appeal to the first appellate authority. The CIT(A) partly allowed the appeal of the assessee. The CIT(A) granted relief of Rs. 1,50,000 and sustained the addition of Rs. 7,50,000. 6. Aggrieved by the CIT(A)'s order, the assessee has filed this appeal before th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... As regards the issue on merits, it is not disputed that the only source of income for assessee is salary income. It is also a fact that there was no unexplained asset or investment unearthed by the department. The assessee had filed cash flow statement and also cash book for the period 01.04.2013 to 13.11.2016 before the A.O. It is an admitted fact that the assessee's grandmother is sufferin....