2025 (11) TMI 721

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....nst the assessment order u/s 143(3) of the Act, dated 30.12.2019. 2. The assessee is in appeal before the Bench raising the following grounds of appeal: "1. The Assessment Order U/s.143 (3) as well the appellate order is against law, weight of evidences and probabilities of the case. 2. That, the Assessing Officer as well as 1st Appellate Authority has erred in law as well as on facts in additions of Rs. 131,465/- as unexplained cash in spite of submissions of evidence before the Income tax e-proceeding portal, is arbitrary, illegal and unjustified in law. 3. That, the Appellant craves leave and reserves its rights to vary, amend, alter and/or add to the grounds of appeal and to produce other documentary eviden....

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....ed at Rs.6,98,035/- u/s 143(3) of the Act. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A) who, vide order dated 11.11.2024, dismissed the appeal of the assessee by holding that the cash deposits were out of rent received. However, the appellant could not submit any confirmation from the respective parties that they paid the rent in cash. The onus was on the appellant to establish the source and nature of the cash deposits. However, the appellant failed to establish with corresponding evidence. Hence the additions made by the AO are confirmed. Further, the AO did not mention the corresponding section under which these additions had been made. Since the cash deposits are nothing but his unexplained inv....

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....on of total income. The deposited amount was only Rs. 1.31 Lakh for which the assessee submitted that it was the rent received in cash. The assessee has filed details of the rent received and copy of agreements have also been filed, which are also filed before the Ld. AO. It was requested that since the source is explained, the addition made may be deleted. 6. We have considered the submissions made, gone through the facts of the case and perused the record and the order of the Ld. CIT(A). The Ld. AO notes in the assessment order that in reply to the notice issued, the assessee filed a computation of income along with some deeds but the assessee did not furnish any submission regarding cash deposits in the bank account maintained with Ax....