2022 (10) TMI 1327

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....see against order dated 05.11.2021 passed by National Faceless Appeal Centre (NFAC), Delhi, for the assessment year 2017-18. 2. The dispute in the present appeal is confined to addition of an amount of Rs. 12,01,000/- under section 69A read with section 115BBE of the Income-tax Act, 1961 (in short 'the Act'). 3. Briefly the facts are, the assessee is a resident individual. For the assessment....

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....purpose of her daughter's marriage. Therefore, the cash deposits made during the demonetization period could not have been out of earlier withdrawals. However, partly accepting assessee's claim, the Assessing Officer added an amount of Rs.12,01,000/- under section 69A read with section 115BBE of the Act. Though, the assessee contested the aforesaid addition before learned Commissioner (Appeals), h....

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....ly discarded assessee's contention that she did not incur much expenditure in the marriage as, firstly, it was a love marriage and secondly, it was performed in a Gurudwara in the presence of close relatives. 5. In my view, the explanation furnished by the assessee is believable, when the Assessing Officer has not brought on record any contrary material to demonstrate that the assessee must hav....