2026 (4) TMI 173

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....r of the learned Commissioner of Income-tax (Appeals), Kanpur-04 dated 04.09.2025 for the Assessment Year 2010-11. 2. Brief facts of the case are assessee filed his return of income for the A.Y 2010-11 on 03.08.2010 declaring total income of Rs. 570420/-. The total income declared are from salary, house property and from other sources. The interest income consist of income from bank and income ....

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....t has declared opening cash balance of Rs. 3,50,000/- when the assessee was asked to substantiate the same, it was submitted that assessee maintained cash balance of about 3,00,000/- on each day. Not convinced with the above submission the Assessing Officer sustained above said cash as unexplained cash to the total income of assessee. 4. Aggrieved with the above order, the assessee preferred an....

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....NT OF OPENING CASH IN HAND AS UNEXPLAINED CASH. 2 THAT THE LEARNED CIT(A) HAS ERRED IN CONFIRMING THE ADDITION MADE BY THE LEARNED ASSESSING OFFICER ARBITRARILY WITHOUT CONSIDERING THE CASH FLOW STATEMENT FILED BEFORE THEM. 3 THAT THE APPELLANT CRAVES LEAVE TO INTRODUCE, MODIFY OR WITHDRAW ANY GROUND OF APPEAL WITH YOUR HONOURS KIND PERMISSION. 6. At the time of hearing, ld. A....

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....ed income. After considering the submissions of both parties, I noticed from the cash flow statement submitted for the period 01.04.2009 to 31.03.2010, the assessee has withdrawn cash from State Bank of India, ICICI Bank to the extent of Rs. 32.04 lakhs and deposited Rs. 25.75 lakhs, out of cash withdrawn assessee has utilized Rs. 2.24 lakhs toward household expenses. I observe that the difference....