2025 (10) TMI 517

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.... 1. For that under the facts and the circumstances of the case the Ld. CIT(A) was not justified in dismissing the appeal without understanding the fact and without going through the materials furnished before the Ld. CIT(A). 2. For that under the facts and in the circumstance of the case the amount of Rs. 10,15,000/- should not have been treated as unexplained money u/s.69A and the Ld. AO should have been accepted the documentary evidences furnished before him. 3. For that under the facts and in the circumstance of the case the assessment as made by the Ld. AO and sustained by the Learned CIT(A) regarding the addition of Rs. 10,15,000/- as unexplained money u/s.69A is arbitrary, unjustified & bad-in-law. 4. F....

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....of two deposits of Rs. 5,00,000/- each and on 26.04.2016 of Rs. 15,000/-. According to ld. AR the said cash was deposited out of cash withdrawal made just four days back and, therefore, no addition is required to be made. He also placed a copy of the bank account placed in the paper book in support of the claim, which reads as under :- 4. Per Contra, ld. Sr. DR submitted that the assessee has failed to substantiate the source of cash deposit as the opening balance was majorly used for making payments for land purchase and the ld. CIT(A) has already observed that the assessee has failed to substantiate the source of the cash deposit. Thus, he prayed for confirmation of the addition so made. 5. We have heard the rival submissions and pe....

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....ddition is required to be made by holding such deposits as unexplained. Thus, we direct the AO to delete the addition so made. 6. In the result, appeal of the assessee is allowed. Order pronounced in the open court on 22/01/2025. ============= Document 1 चेतावनी पोंखोयाओं से देश में ही अथवा विदेश से मिलने वाले फर्जी प्रस्ताव/ मंद़ेश एमएमश्रम, à¤....

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....ad and similarsuch offers from fraudsters within the country or from abroad. CONDULION TOVT ERPAOTEL CUTTHICK NIAGARAK., CUTTACK, 00156A, CUOTAOR, 753001 0671-20111040/2519597 Address : CUTIRCK Br. address : CUTTACH 000000 CUJSHA Operational Inst: SELF Nomination Hat Regd. 10-04-1997 Br. Emil : Cuttsck_Jhubinedad/ tilofindia.co.La KTOR Code : 753013002 Customer Id 009794328 540010100006767 For your quiries / ecoukry Toll free no. of our call centar :1600220229,18003031906 This pass book is mynten generated and does not require aty initials Grievance Madress Officer,20: Grievance Redress Officer,Branch:0871-2619040/2519599 Document 2 तारीख Date Particulars चेक स....