2025 (4) TMI 1873

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....ender Shrivastava, Sr. DR ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER: The present appeal has been filed by the assessee against the order passed by the learned Commissioner of Income-tax (Appeals) [in short "CIT(A)"] u/s. 250(6) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). 2. The solitary ground raised by the assessee reads as under : "1 That the CIT(A....

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....and Letter of Bank which was already submitted during the proceedings before the Id.AO. Thus Period taken while completing the assessment shall be the demonetization period only." Brief facts relevant to the case are that the assessee was noted to have deposited huge cash in her bank account during the impugned assessment year including during demonetization period. The amount noted to be depos....

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.... the year was Rs. 9,82,487/- he directed the addition to the extent of 50% of the same to be sustained in the hands of the assessee amounting to Rs. 4,91,243/-. Since the assessee had already returned an income of Rs. 1,63,500/- to tax, the balance of Rs. 3,27,743/- was directed to be added to the income of the assessee, thus, resulting in reduction of the addition made to her income from Rs. 12,5....

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....as confronted to the assessee during the assessment proceedings. We have noted from the assessment order that the assessee was show caused also with regard to the total cash deposited in her bank account of Rs. 12,50,100/-, but no response was received for the same. Therefore, we do not find any merit in the ground raised by the assessee before us seeking restriction of the addition only to the....