2025 (4) TMI 1898

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.... The Assessee has filed the instant Appeal against the Order of the Ld. CIT(Appeal)/NFAC, Delhi dated 22.01.2024, relating to assessment year 2017-18. 2. The brief facts of the case are that during the year under consideration, the assessee has deposited cash of Rs. 1722000/- i.e. on 08.11.2016 Rs. 1650000/- and Rs. 72000/- on 09.11.2016. The assessee has contended that the amount was received....

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....     13.10.2016 15000 Total 525000 Total 5000 Total 235000 2.1 From the above table, it is clear that the assessee has made withdrawal of Rs. 765000/- (525000+5000+235000). The genuineness of the sources of remaining amount i.e. 957000.00 (1722000-765000) could not be proved by assessee. Therefore, AO noted that the amount of Rs. 9,57,000/- was considered....