2025 (2) TMI 1651

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.... filed the instant Appeal against the Order of the Ld. CIT(Appeal)/NFAC, Delhi dated 18.01.2024, relating to assessment year 2012-13 on the following grounds:- "1. That the AO has erred in law and on fact both for proceeded one the fallacious assumption that bank deposits constitute undisclosed income and overlooked the fact that the source of deposit need not necessarily be income of the....

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....t out of the above addition of Rs. 13,94,000/- Rs. 6,44,000/- was received from his brother. In this regard the appellant submitted an affidavit of his brother namely Suresh duly notorized and signed. The appellant also states that the source of such cash gift in the hands of his brother is out of agriculture income on account of farming of wheat, paddy and vegetables. 4.3 With regard to ....

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....4.5 In respect of addition of Rs. 7,50,000/-, the appellant stated that he had received such amount out of sale proceed of property. However, he has failed to submit either any documentary evidences in support of his argument or has failed to file any registered sale deed. Therefore, in my considered opinion, the addition made by the AO of this amount is justified and hereby sustained in appeal." ....