2023 (2) TMI 1164
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....ear 2017-18 is directed against the order of Ld. CIT(A), National Faceless Appeal Centre ("NFAC"), Delhi dated 30.05.2022. 2. The assessee has raised following grounds of appeal:- 1. "The Learned Commissioner of Income Tax (Appeals) has erred in law and on facts in dismissing the ground of appeal No 1 where in the appellant contested against the assessment order under section 144 of the Act, wh....
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....e and assuming the same as his undisclosed and passed assessment order under section 144 whereas the joint family of appellant was having proper sources of cash deposit ill the bank account. It is prayed the addition of Rs.564500/- may kindly be deleted." 3. The only effective ground in this appeal is against the addition of Rs.5,64,500/-. 4. Facts giving rise to the present appeal are that ....
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....al. 7. At the time of hearing, Ld. Authorized Representative ("AR") of the assessee has given a cash flow statement. For the sake of clarity, the same is hereby reproduced as under:- Date Particulars Outgoing Income Cash Cash in hands 01.04.2016 Opening cash in hand out of sale proceeds of agriculture products at RS.725261 Form J attached 180000 08.04.2016 Sale of whea....
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....1.2016 Deposits in KCC A/C. 450000 168220 01.12.2016 Agriculture expenses 125000 43220 07.02.2017 Withdrawn from KCC 100000 143220 17.02.2017 Withdrawn from KCC 100000 243220 23.02.2017 Withdrawn from KCC 100000 343220 27.02.2017 Withdrawn from KCC 100000 443220 01.03.2017 Agriculture expenses 125000 318220 01.03.2....