2026 (3) TMI 1021

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..... ORDER This is an appeal filed against the order dated 12-11- 2025 passed by Addl/JCIT(A)-9, Mumbai for assessment year 2017-18 2. The grounds of appeal are as under:- "1. That, the Ld. CIT(A) has wrongly confirmed the addition of alleged unexplained money under section 69A of the Income-tax Act amounting to Rs. 11,60,000/-. 2. That, the Ld. CIT(A) has erred in confirmi....

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..... 5. That, the Ld. CIT(A) has erred in confirming the addition based on assumptions and presumptions regarding human conduct, such as what a prudent person would do, instead of examining the documentary evidence on record. 6. That, the Ld. CIT(A) has failed to appreciate that the books of account were produced, examined during assessment proceedings and were not rejected. Therefo....

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....of 7/12 extracts, bank statements, farm income, ledger and cash book. The Assessing Officer made addition of Rs. 11,60,000/- as unexplained cash deposits during demonetization period u/s. 69A of the Act. 4. The assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the assessee. 5. The ld. A.R. submitted that the CIT(A) has confirmed the addition mainly on assumption tha....

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....e assessment order and the order of the CIT(A). 7. Heard both the parties and perused all the relevant material available on record. It is pertinent to note that the assessee has declared gross agricultural income in the return of income to the extent of Rs. 6,99,962/- which was demonstrated by the assessee through its balance sheet and the farm income, ledger as well as cash book ledger. From ....