2022 (11) TMI 653

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ACCOUNTANT MEMBER: This appeal by the assessee is directed against the order of ld. CIT(A), National Faceless Appeal Centre, Delhi vide order No. ITBA/NFAC/S/250/2022-23/1042654910(1) dated 08.04.2022 for A.Y. 2017-18 passed against the assessment order u/s 143(3) of the Incometax Act, 1961 (hereinafter referred to as 'the Act') by ITO, Ward-61(2), Kolkata dated 16.12.2019. 2. Shri K. M. Roy, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....0,550/-, comprising of income from salary Rs.4,00,000/- and other sources of income of Rs.68,025/-. During the year an amount of Rs.1,55,000/- has been deposited in the bank account in cash. Before the AO, assessee's contention was that the amount of Rs.1,55,000/- has been deposited in the bank account during the demonetization period out of salary received during the year in cash and past savings....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y month. As is a known fact, any payment in excess of Rs.20,000/- has to be necessarily made/received in and is generally made by cheque. Furthermore, no Form 16 reflecting the salary has been produced by the appellant in support of his claim of receipt of salary from which the cash deposit was done. Neither has any copy of contract been furnished by the appellant to show that he was in a contract....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....demonetization period in his bank accounts. In view of the above there is no reason or basis for agreeing with the claim of the appellant regarding the source of the cash deposits in his bank account during the demonetization period. Hence, the only ground of appeal is dismissed." 5. Aggrieved, the assessee is in appeal before this Tribunal. 6. We have heard rival contentions and gone through t....