2025 (11) TMI 267

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....ee directed against the order passed by the Additional/Joint Commissioner of Income Tax (Appeals)-6, Mumbai [for short, 'Ld. CIT(A)] dated 17.06.2025 u/s. 250 of the Income Tax Act, 1961 (for short, 'the Act') for Assessment Year (AY) 2017-18. 2. Brief facts of the case are that appellant is an individual. The return of income for the A.Y. 2017-18 was filed on 26/03/2018 declaring incom....

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....on of the AO by holding that there was inordinate delay in depositing the money withdrawn from the bank accounts of her son-in-law in the month of August-September 2016 and the money withdrawn could have been utilized for some other purpose. 4. Being aggrieved by the order of Ld. CIT(A), the Assessee is in appeal before this Tribunal. 5. It is submitted that the explanation of the Assessee w....

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....n proper appreciation of evidence and no interference is called for. 7. I have heard rival contentions and perused the material on record. The issues in the present appeal relates to the validity of the addition on account of cash deposits made in the bank account during demonetization period. The fact of making the cash deposits in bank account is not disputed by the appellant. There is no dis....

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....wn from NRE account of her son-in-law in the month of August-September 2016. The money withdrawn was stated to have been deposited in the bank account during demonetization period as money could not be utilized for house construction purpose. The explanation offered by the appellant is a plausible explanation. In absence of any evidence on record to say that money withdrawn from the NRE account of....