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INCOME TAX APPELLATE TRIBUNAL (JAIPUR BENCH)
DR. S. SEETHALAKSHMI, JM, SHRI GAGAN GOYAL, AM
Sh. BabuLal Data – Appellant
Versus
Revenue – Respondent
| Table of Content |
|---|
| 1. details of assessment and appeal grounds. (Para 1 , 2) |
| 2. circumstances of search and income details. (Para 3 , 4) |
| 3. court's evaluation of cash evidence. (Para 5) |
| 4. considering family possessions as collective. (Para 6) |
| 5. final order issued to allow the appeal. (Para 7) |
ORDER
PER DR. S. SEETHALAKSHMI, J.M.
This is an appeal filed by the assessee against the order of ld. CIT (Appeals), Jaipur-4, dated 20.08.2024 passed under section 250 of the I.T. Act, 1961, for the assessment year 2016-17. The assessee has raised the following grounds of appeal :
1. That Ld. CIT(A) has erred on facts & in law in confirming the addition of 428830.00 on account of cash found during the course of search as unexplained cash, which is just on presumption, assumption and surmises of learned Commissioner of Income Tax-(Appeals), and against the material and evidences submitted during the course of assessment proceedings as well as appellate proceedings, therefore the same deserves to be deleted.
2. That Ld. CIT(A) has erred on facts & in law in confirming the addition of 2102279.00 as undisclosed jewellery u/s 69A of the Income Tax Act, 1961, by
(2.1) not considering the sources of jewellery
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