2025 (8) TMI 1684

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....er referred to as 'ld. AO'). 2. The only effective issue to be decided in this appeal is as to whether ld JCIT(A) was justified in confirming the addition made on account of cash deposits in the facts and circumstances of the instant case. 3. None appeared on behalf of the assessee. I have heard the ld DR and perused the material available on record. The assessee filed its return of income for assessment year 2017-18, declaring agricultural income of Rs.14,69,626/- on 07.10.2019 in response to notice issued u/s 142(1) of the Act. During the course of assessment proceedings, the assessee was asked to explain the source of cash deposits of Rs.13 lacs made in KCC Bank Account No. 06825115001164, maintained with Oriental Bank of Commerce duri....

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.... the Act by the ld AO and the additions made in the assessment. 4. The assessee filed a detailed written submission before the ld JCIT(A). The assessee also furnished the letter issued by 3 Aarhtis M/s. Mangla Associates, M/s. Singroha Trading Co, M/s. Bali Ram Raj Kumar, clearly mentioning the mode of payment thereon. The assessee submitted that cash was received from Aarhtis in the following manner:- Name of Aarhti Particulars Date of Form J Amount (Rs.) Copy of Form j Attached at Page No. M/s Mangla Associates Form- J 28/09/2016 1,62,557 4 M/s Singroha Trading Co. Form-J 14/10/016 96,227 5 M/s Bali Ram Raj Kumar Form-J 28/10/2016 72,441 6 M/s Singroha Trading Co. Form-J 01/11/2016 2,71,674 7 Total   &nbs....