2025 (4) TMI 2124

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.... VIKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (hereinafter referred to as 'the CIT(A)') dated 22.02.2024, for assessment year 2012-13. 2. Shri Vikas Mishra, appearing on behalf of the assessee submits that the assessee is serving in Indo Tibetan Border Police (ITBP). The ca....

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....:- S. No Date Deposits 1 31.05.2011 49000 2 01.06.2011 49000 3 03.06.2011 500000 4 10.12.2011 150000 5(a) 28.03.2012 500000 5(b) 28.03.2012 290000 3. The amounts deposited on 31.05.20211, 01.06.2011 and 03.06.2011 were inherited by the assessee and the cash deposited on 10.12.2011 and 28.03.2012 (Rs. 5,00,000/- +Rs. 2,90,000/-) were....

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....ers of the authorities below examined. The solitary issue in this appeal is against the addition of Rs. 8,01,500/- confirmed by the CIT(A) in respect of unexplained cash deposit in the bank account of the assessee. The assessee has explained the source of cash deposit as from past savings/inheritance, redeposit of amount withdrawn earlier for personal expenditure. Since, the assessee failed to mak....

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....eposits makes the submissions of the assessee plausible, hence, further relief of Rs. 1,50,000/- is allowed to the assessee. As regards initial three deposits aggregating to Rs. 5,98,000/- is concerned, the assessee has not explained the source of past savings or the details of inheritance. The assessee is inconsistent in explaining the source of initial deposits of Rs. 5,98,000/- and has failed t....