2023 (9) TMI 546

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....mar Jha, CIT-D.R. ORDER PER CHANDRA MOHAN GARG, JM : This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-3, Gurgaon dated 28.02.2022 for Assessment Year 2018-19. 2. The Learned Counsel submitted that the Assessing Officer while making addition of Rs. 3,00,000/- under Section 68 of the Act has only considered the first part of stat....

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....,750/- allowed part relief of Rs. 7,00,750/- keeping in view amount of cash withdrawals by the assessee but confirmed the addition of Rs. 3,00,000/- by observing that the appeals has not discharged his onus regarding said amount of Rs. 3,00,000/- and thus the same remained unexplained. 5. In our considered view, when the assessee has huge cash withdrawals immediately before the date of search a....