2025 (1) TMI 1853

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dent : Ms. R. Anitha, Addl. CIT. ORDER PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2017-18 arises out of the order of Learned Commissioner of Income Tax, Appeal, Addl/JCIT(A)-1, Lucknow [hereinafter "CIT(A)"] dated 30.08.2024 in the matter of assessment framed by the Assessing Officer [AO] u/s. 143(3) of the Income-tax Act, 1961 (hereinafter "the Ac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cted the assessee's explanation on the ground that the assessee has filed return of income in ITR-I, which is for salary of the assessee. On appeal, the Ld. JCIT(A) has confirmed the addition disregarding the assessee's explanation. 4. The Ld. Authorized Representative (A.R) of the assessee has argued that the Ld. JCIT(A) and A.O have ignored the fact that the assessee has been showing income f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d. The assessee has submitted a copy of ITR from 2005-06 onwards, where she has been regularly showing income from money lending business. The assessee has also furnished the cash book in which the opening cash balance as on 01.04.2016 is Rs. 12,57,297/- and cash balance as on 01.11.2016 is Rs. 13,73,547/-. The cash deposit in the bank account during demonetization period is out of the a....