2024 (9) TMI 209

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....ppeal. However, after perusal of the Affidavit filed by the assessee for condonation of delay and taking note of the contents of the same, we are inclined to condone the delay and proceed to adjudicate the grounds of appeal raised by the assessee. 3. The main grievance of the assessee is against the action of the Ld.CIT(A) confirming the addition made by the AO u/s. 68 of the Income Tax Act, 1961 (hereinafter in short "the Act") to the tune of Rs. 1,03,23,100/-. 4. At the outset, the Ld.AR of the assessee submitted that the assessee is a Pastor and filed his return of income for AY 2016-17 declaring total income of Rs. 12,00,920/- on 29.09.2016 which was selected for limited scrutiny under CASS i.e, to examine large cash deposits in his S....

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....issed the appeal filed by the assessee. 6. Aggrieved, the assessee is in appeal before this Tribunal. 7. We have heard both the parties and perused the material available on record. We note that an amount totaling Rs. 1,03,23,100/- was deposited in the savings bank account of the assessee and when confronted by the AO to prove the nature & source of the deposit, assessee failed to prove the same and therefore, the AO made an addition u/s. 68 of the Act of the entire cash deposits. During the first appellate proceedings, the assessee filed some evidence like police complainants/FIR filed by one complainant, Shri Uday Baskara S/o. Shri Rajaram that assessee had collected money from him and others on the promise that houses of the Tamil Nadu....