TaxTMI 
TaxTMI 
2026 (9) TMI 1453
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.... the assessee against the order passed by the Office of the Commissioner of Income Tax, Appeal, Addl./JCIT(A), Chennai 02 (hereinafter referred to as "Ld. CIT(A)"), dated 19.09.2025 under Section 250 of the Income Tax Act, 1961 (hereinafter referred to as "the Act"). 2. The assessee has raised the following grounds of appeal:- 1. On the facts and in the circumstances of the case, the a....
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....mend or alter all or any of grounds of appeal and relief claimed before or at the time of hearing. 3. The solitary issue in the present appeal pertains to cash deposited in the Bank Account of the assessee to the tune of Rs. 5,05,834/-, treated as from unexplained sources and added to the income of the assessee u/s 69A of the Act. The addition so made was subjected to special rate of tax as per....
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....ash deposit in the Bank account of the assessee, in the absence of any explanation furnished by the assessee. Before the Ld. CIT(A), the assessee furnished his books of accounts, purchase bills, sale vouchers and cash book, but the Ld. CIT(A) stated that they were all self-prepared documents, and rejected all of them, stating that the books of accounts were not audited as required u/s 44AD of the ....
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.... by the assessee. Having accepted the fact that the assessee carried on business of trading of business material and had a turnover of Rs. 21,13,592/-, I see no reason to disbelieve the explanation of the assessee, that the cash deposited in his bank account emanated from his business. The assessee being a small trader with meager turnover during the year of Rs. 21,13,592/-, I see no reason why th....