2022 (2) TMI 77

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nst the order dated 03-09-2019 passed by the CIT(A)-2, Kolhapur, in relation to the assessment year 2011-12. 2. The first ground raised in this appeal is against the confirmation of addition of Rs. 8,50,000 representing cash deposit in bank account. 3. Tersely stated, the facts of the case are that the assessee deposited a sum of Rs. 8,50,000 in his bank account. In the absence of any acceptable....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....osits totaled upto Rs. 44,31,076. The assessee contended that one of the cash deposits, viz., of Rs. 8,50,000 was out of `Business receipts". In support of such a claim, the assessee filed certain books of accounts. It is worth mentioning that the assessee filed his return of income by offering income u/s 44AD and contending that no books were maintained. The entries in Cash Book prepared and subm....