2025 (3) TMI 1778

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....d the delay in filing the appeal and accepted the appeal for hearing. 4. It was submitted by the Ld. AR that the assessee is in the business of commission agent, trading in old vehicles and having some partnership income. It was the submission that there was a deposit of Rs. 9,00,000/- each on two dates i.e. on 15.11.2016 and 21.11.2016. These were demonetized currencies. It was the submission that the Assessing Officer held that the amount of Rs. 18 lakh deposited by the assessee in the demonetized currency was stated as unexplained cash credit on the ground that the cash deposit did not match with the normal pattern of business habit of the assessee and that the source of cash deposit remains doubtful. It was the submission that on appeal before the ld. CIT(A), he confirmed the addition on account of the fact that assessee was unrepresented before the Ld. CIT(A). It was the submission of the Ld. AR before us that the copy of the cash book for the relevant period reads as follows: 5. It was submitted by the Ld. AR that the cash book was before the Assessing Officer. The Ld. AR has also filed an unsigned cash flow chart for the period 01.11.2016 to 31.12.2016 which reads as f....

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....ank, A/C NO. 443010100078764 Contra 87 5,000.00 Cr SALES Receipt 74 1,06,520.00 17-10-2016 Cr Axis Bank, A/C NO. 443010100078764 Contra 88 5,500.00 19-10-2016 Cr Axis Bank, A/C NO. 443010100078764 Contra 89 2,000.00 20-10-2016 Cr ICICI BANK, A/C NO. 241201500175 Contra 90 25,000.00 Cr ICICI BANK, A/C NO. 241201500175 Contra 91 3,500.00 Dr R.C.Limit Payment 77 50,000.00 21-10-2016 Cr Axis Bank, A/C NO. 443010100078764 Contra 92 1,000.00 25-10-2016 Cr ICICI BANK, A/C NO. 241201500175 Contra 93 5,500.00 Cr Axis Bank, A/C NO. 443010100078764 Contra 94 800.00 26-10-2016 Cr ICICI BANK, A/C NO. 241201500175 Contra 95 5,000.00 27-10-2016 Cr ICICI BANK, A/C NO. 241201500175 Contra 96 1,000.00 29-10-2016 Cr ICICI BANK, A/C NO. 241201500175 Contra 97 4,000.00 31-10-2016 Cr SALES Receipt 75 1,63,330.00 Dr Purchases Payment 79 1,27,885.00 Dr PERSONAL EXPENSES Payment 80 15,000.00 68,38,399.52 3.02,885.00 Dr Closing Balance 65,35,514.52 68,38,399.52 68,38,399.52 1-11-2016 Cr Opening Balance 65,35,514.52 3-11-2016 Dr ICICI BANK, A/C NO. 241201500175 Contra 98 17,000.00 Cr ICICI BANK, A/C NO. 241201500175 Contra 99 2,000.00 8-11-2016 Dr Axis Bank, ....

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....2 24,000.00 31-1-2017 Cr SALES Receipt 105 42,310.00 Dr Purchases Payment 134 1,47,952.00 Dr PERSONAL EXPENSES Payment 135 15,000.00 51,97,248.52 3,32,952.00 Dr Closing Balance 48,64,296.52 51,97,248.52 51,97,248.52 1-2-2017 Cr Opening Balance 48,64,296.52 4-2-2017 Cr RAHUL MOTOR FINANCE Receipt 111 91,256.00 9-2-2017 Cr Axis Bank, A/C NO. 443010100078764 Contra 113 3,000.00 Cr Axis Bank, A/C NO. 443010100078764 Contra 114 3,000.00 Dr ANUPAM MONDAL Payment 136 20,000.00 10-2-2017 Dr JULFIKAR ANWAR Payment 138 20.000.00 11-2-2017 Dr ANUPAM MONDAL Payment 139 20,000.00 13-2-2017 Cr SALES Receipt 112 89,710.00 14-2-2017 Dr ANUPAM MONDAL Payment 140 20,000.00 Dr JULFIKAR ANWAR Payment 141 20,000.00 20-2-2017 Cr Axis Bank, A/C NO. 443010100078764 Contra 115 500.00 Cr Axis Bank, A/C NO. 443010100078764 Contra 116 6,000.00 Dr R.C.Limit Payment 143 50,000.00 Dr JULFIKAR ANWAR Payment 144 20,000.00 Carried Over 50,57,762.52 1,70,000.00 continued ... Document 3 Avijit Roy - (2016-17) Cash Book : 1-Apr-2016 to 31-Mar-2017 Page 7 Date Particulars Vch Type Vch No. Debit Credit Brought Forward 50,57,762.52 1,70,000.00 ....

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....culars Vch Type Vch No Debit Credit Brought Forward 55,26,865.52 8,85,000.00 13-3-2017 Cr ICICI BANK, A/C NO. 241201500175 Contra 121 1,000.00 14-3-2017 Cr Sujay Sarkar Receipt 147 9,800.00 Dr CHOLAMANDALAM INVSTAND FINANCE Payment 163 1,00,000.00 Cr Subden Manna Receipt 148 20,000.00 15-3-2017 Cr SALES Receipt 149 1,79,800.00 Dr CHOLAMANDALAM INVSTAND FINANCE Payment 164 1,00,000.00 Cr Jayanta Mondal Receipt 150 20,000.00 16-3-2017 Dr JULFIKAR ANWAR Payment 166 9,060.00 Dr CHOLAMANDALAM INVSTAND FINANCE Payment 167 1,00,000.00 Cr Subden Manna Receipt 152 20,000.00 17-3-2017 Dr CHOLAMANDALAM INVSTAND FINANCE Payment 169 1,00,000.00 Cr Subden Manna Receipt 153 10,000.00 Cr Sujay Sarkar Receipt 154 20,000.00 18-3-2017 Dr CHOLAMANDALAM INVSTAND FINANCE Payment 170 5.151.00 20-3-2017 Dr R.C.Limit Payment 172 50,000.00 Cr Jayanta Mondal Receipt 158 10,000.00 22-3-2017 C Loan From Magma Fincorp Ltd. Receipt 159 1,00,000.00 23-3-2017 Cr Tapan Bhattacharyya Receipt 160 10,000.00 24-3-2017 Cr Axis Bank, A/C NO. 443010100078764 Contra 122 2,000.00 Cr Tapan Bhattacharyya Receipt 161 20,000.00 25-3-2017 Cr Axis Bank, A/C NO. 443010100078764 Contra 123 3,000.00 ....