2025 (2) TMI 1084

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....0,000 Under Section 69A in as much as documentary evidence in support of contention were e-filed. The addition be deleted. That under the facts and circumstances the learned assessing officer was not justified in not appreciating the facts and circumstances and documentary evidence submitted during assessment proceedings the addition be deleted or considerably modified taking in to consideration full facts of the case." 3. Facts in Brief:- The assessee is a Hindu undivided Family. This appeal is filed by present Karta Shri Ashish Rameshkumar Agrawal, HUF on behalf of the then Karta of Late Shri Rameshkumar Parasdas, HUF. For the year under consideration, the assessee filed its return of income on 30/08/2017, declaring total income of Rs.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the appellant failed to explain the huge cash of Rs. 11,00,000/- kept as cash in hand, when the appellant was receiving interest which is deposited in bank and unsecured loans are given in the form of cheques. It is also to note that the appellant's income during the year under consideration is 2,67,520/- and the source of income stated to be other sources only as per returns of income filed. It clearly shows that the amount so deposited does not belong to the HUF or it may be undisclosed income of the appellant. In view of the above, the appellant failed to discharge the onus lied upon him in proving cash deposit of Rs. 11,00,000/- made in its bank account. In view of the above, the addition made by the AO is sustained and grounds rai....