2025 (7) TMI 866

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.... PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2016-17 is directed against the order dated 30.12.2014 passed by Addl/JCIT(A)-11, Delhi u/s.250 of the Income-tax Act, 1961 (in short 'the Act') arising out of the Assessment order dated 23.12.2018 passed u/s.143(3) of the Act. 2. Assessee has raised following grounds of appeal : ....

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....) erred in law and on facts in confirming the addition of Rs. 29,60,000/- on account of cash deposit in Bank of Maharashtra without appreciating that cash deposits were out of proceeds from sale of immovable property. 4. The appellant craves leave to add/modify/ delete / amend all / any of the grounds of appeal. 3. At the outset, Ld. Counsel for the assessee submitted that ld.CITA) has....

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....es of cash deposit of Rs. 29,60,000/-. Though the assessee made submission before the ld. AO but failed to succeed resulting into addition of Rs. 29,60,000/- as unexplained money u/s.69A of the Act and assessing the income at Rs. 29,68,490/-. Thereafter, assessee preferred appeal before ld.CIT(A) with a delay of 198 days. Reasons for the delay was submitted in Form No.35 as per which it was stated....