2022 (12) TMI 739

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....eal is filed by the assessee against the order dated 25.06.2019 passed by the Ld. CIT(Appeals)-7, Ahmedabad for A.Y. 2011-12. 2. The grounds of appeal raised by the assessee read as under: "1. That the ld.AO has erred in law and facts by issuing notice under section 148 of the Act and further the ld.AO has erred in law by passing the order under section 143(3) r.w.s. 147 of the Act and....

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.... cash of Rs. 15,70,000/- in State Bank of India, Lunawada. Therefore, the then ITO issued a query letter to the assessee on 30.07.2013 and requested to submit the copy of return of income filed for A.Y. 2011-12 with computation of total income, supporting bank account statement, source of cash deposit with documentary evidences etc. In response, the assessee filed reply along with return of income....

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....Loan from sister-in-law, Gift from wife and remaining balance was managed from his personal savings. The Ld. AR submitted that the details of which are set out in para 3 of the order of the CIT(A) where the assessee's submissions were quoted. Therefore, the Ld. AR prayed that the addition be deleted as the cash deposits were fully explained by the assessee before both the revenue authorities. 6....