2025 (10) TMI 200

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....Amar Pal Singh, Sr. DR ORDER PER SATBEER SINGH GODARA, JUDICIAL MEMBER: This assessee's appeal for Assessment Year 2014-15, arises against the order of CIT(A), Dehradun dated 26.04.2019, in case No. 10712/CIT(A)/DDN/2016-17, in proceedings u/s 143(3) of the Income Tax Act, 1961 (in short "the Act"). 2. Case called twice. None appears at the assessee's behest. It is accordingly proceede....

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....so counter verified from the sales register and therefore there was no cash deposit that was unexplained." 4. We advert to the basic relevant facts. The assessee HUF is admittedly engaged in wholesale business of clothes etc. even as per the learned Assessing Officer's assessment discussion dated 20.12.2016 in para 3 thereof. It is further an undisputed fact that the assessee/HUF had deposited ....

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....hat neither party's stand deserve to be accepted in entirety. This is for the precise reason that neither the assessee has been able to plead and prove all the relevant facts explaining source of it's cash deposits as on account of cash sales in wholesale clothes business activity nor the department could rebut the clinching fact that be it the preceding assessment year or that in question before ....