2022 (12) TMI 842

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.... assessee, is directed against the order of the learned Commissioner of Income-tax (Appeals)-30, New Delhi, dated 27.05.2022, pertaining to the assessment year 2017-18. The assessee has raised following grounds of appeal: "1. Because the action for initiation, continuation and conclusion of assessment proceedings u/s 143(3) at an amount of Rs 17,78,840/- is being challenged on facts & law. 2. ....

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....ification in the grounds of appeal before the disposal of the same in the interest of substantial justice to the assessee." 2. Facts giving rise to the present appeal are that in this case the assessee had filed his return of income through electronic mode on 05.08.2017 declaring total income of Rs. 10,63,840/-. Thereafter the case of the assessee was selected for limited scrutiny through CASS fo....

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....earned counsel for the assessee vehemently argued that authorities below were not justified and have proceeded purely on conjectures and surmises and the addition has been made purely on ad hoc basis without being supported by any credible evidence. On the contrary, the assessee had given supporting evidence relating to the cash deposited by the assessee. 5. The learned DR opposed the submissions....

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....016 to 04.11.2016 was though made to meet household expenses and other investment needs but was not spent during the period and, same was deposited in his bank account after the demonetization of specified bank-notes. The claim of the appellant appears to be un-reliable as the withdrawal of amounts appears to be for the purpose of personal and household expenses which were withdrawn almost every m....