2024 (8) TMI 1015

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....soor Ilahi, Advocate For the Respondent : Smt. M.S. Deeptha, JCIT ORDER PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER: This appeal filed by the assessee is directed against the order passed by the Addl/JCIT(A)-3, Bengaluru, for the assessment year 2017-18 dated 25.03.2024. 2. The only ground raised by the Assessee is the ld.CIT(A) erred in dismissing the appeal by upholding the addition o....

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....ubmitted by the assessee is without any evidence or supporting documents is not satisfactory. Hence investment made by the assessee in the bank account is unexplained. The assessment order is passed accordingly making the addition of Rs. 5,45,000 as unexplained investment u/s. 69 of the Act. Returned Income - Rs. 58450 Addition - Rs. 545000 (u/s. 69 unexplained investment) Ass....

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....AR relied on the decision of the Tribunal in the case of 2023 (7) TMI 1084 - ITAT Chennai - Karthik Natarajan Vs.DCIT, International taxation, Madurai, wherein the tribunal held as under : "6. Before us, the ld.counsel for the assessee argued that a reasonable deduction on the basis of reasonable estimation should be made but he could not produce any sort of evidence to substantiate his c....

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....g to status one receives gifts in marriage. Hence, we further want to estimate by looking into the fact that assessee might not have received cash gift of Rs. 1,00,00,000/- and CIT(A) has already allowed relief of Rs. 30,00,000/, we want to make a further estimate and delete the amount of Rs. 20,00,000/- further. Thereby, the total deletion is i.e., deleted by CIT(A) of Rs. 30,00,000/- plus deleti....