2024 (8) TMI 1360

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.... "1. That having regard to the facts and circumstances of the case and in law the addition of Rs. 10,68,100/- confirmed by Ld. Commissioner of Income Tax (A) is arbitrary, against law and facts on record and is not sustainable on various legal and factual grounds. 2. That on the facts and circumstances of the case and in law the learned Ld. Commissioner of Income Tax (A) while confirming the above addition arbitrarily and, mechanically rejected the explanation and evidence tendered by the appellant and made the addition by drawing subjective, premeditated and preconceived inferences therefore the same is not sustainable. 3. That the appellant craves the leave to add, alter or amend the grounds of appeal at any stage and a....

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....the search in the name of the assessee, Sh. Mool Chand Aggarwal and the family members of the Aggarwal family. The location of the cash found seized at B-42, G K -I, New Delhi which is the residential address of the Assessee's family members. The above cash found during the search amounting to Rs. 14,18,110/- belongs to assessee and his family members and the cash found during the course of search was available in the cash book of the assessee and his family members which has been made available to the AO. The AO while passing the assessment order erroneously made the addition observing that the assessee failed to reconcile the cash found during the search and the Ld. Counsel submitted that the addition has been made with the erroneous find....

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....pur 175202 8 Sandeep Aggarwal Saharanpur 30159 9 Shweta Aggarwal Saharanpur 252005 10 Chander Prakash Aggarwal Saharanpur 57464 11 Laxmi Rani Saharanpur 32538 12 C.P Aggarwal & Sons Saharanpur 16981 13 Sarita Aggarwal Saharanpur 12369 14 Siddharth Aggarwal Saharanpur 16112 15 Akshay Aggarwal Saharanpur 99416 16 Ankita Aggarwal New Delhi 4064 17 Sushila Rani Saharanpur 4405 18 Vrinda Aggarwal Saharanpur 673 19 S.C Aggarwal Saharanpur 76190 20 S.C Aggarwal & Sons Saharanpur 22573 21 Saniay Aggarwal Saharanpur 71114 22 Saniay Aggarwal & Sons Saharanpur 32669 23....