2023 (8) TMI 1418

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....dhyay, Sr DR ORDER PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(A)-34, New Delhi dated 26.03.2019 pertaining to A.Y.2007-08. 2. The solitary grievance of the assessee is that the CIT(A) erred in confirming the addition made by the AO u/s. 68 of the Act amounting to Rs.2002801/-. 3. This is not the first round of litigation as in first round whe....

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....es of cash deposit exceeding Rs.50,000/-, therefore, to avoid bank charges cash was deposited in amounts less than Rs.50,000/-. The explanation of the assessee did not find any favour with the AO who completed the assessment by making the addition of Rs.2002801/- u/s. 68 of the Act. 6. Assessee carried the matter before the CIT(A) but without any success. 7. Before us the Counsel for the assesse....

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....not in dispute that the sale consideration was kept by the cousin brother of the assessee at Meghalaya. What is not understandable and is beyond the human probability that the brother of the assessee kept such a huge amount at Meghalaya since 1989 till 2006. It is also not understandable nor it has been proved before any authority including us as to how such a huge amount travelled in cash from Me....