2025 (11) TMI 1135

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... K. Singh, Sr. D.R. ORDER PER SUBHASH MALGURIA:J.M. This appeal vide I.T.A. No.171/Alld/2024 has been filed by the assessee for assessment year 2011-12 against impugned appellate order dated 27/06/2024 (DIN & Order No.ITBA/NFAC/S/250/2024- 25/1066142467(1) of Commissioner of Income Tax (Appeals) ["CIT(A)" for short]. 2. This appeal has been filed by the assessee, beyond time limit pres....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the Act whereby the assessee's total income was determined at Rs. 27,18,685/- as against returned income of Rs. 1,59,280/-. In the aforesaid assessment order, an addition of Rs. 25,59,405/- was made on account of cash deposited by the assessee in bank account. The assessee is an employee of GSJS Public School. During the assessment proceedings the Assessing Officer asked the assessee to furnish ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is bank account for depositing fees collected from the students. The assessee also submitted that the bank account was used for personal purposes of his own and his family. He submitted that the assessee's wife had agricultural income, which was also deposited in the bank account. The assessee furnished affidavit of his wife to the effect that her agricultural income and sale proceeds of land in c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....re used for depositing cash received from the students of the school. It is further found that the assessee has submitted the affidavit of his wife to the effect that the bank account was used for depositing her agricultural income and sale proceeds of agricultural land in cash. The Assessing Officer and the learned CIT(A) have disbelieved the explanation furnished by the assessee merely on the ba....