9911796707
TMI Blog2013 (4) TMI 61X X X X Extracts X X X X X X X X Extracts X X X X ..... ho furnished the remand report in which his only comment with regard to Smt.Chand Rani was "Reply received from legal heir Sh. Partha Arora, confirming the loans advanced to the assessee. (copy enclosed as annexure 'E')." With regard to Shri Satish Chopra, no comment was given in the remand report. On these facts, CIT(A) deleted the addition mainly pointing out that in the remand report, the AO ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inst the order of learned CIT(A), Meerut dated 18th June, 2010 for the AY 2005-06. 2. Ground No.1 raised by the Revenue reads as under:- "Whether in the facts and circumstances of the case, the CIT(A) has erred in law in deleting the addition of Rs.4,17,805/- and Rs.10,00,000/- on account of unverifiable loan from Shri Satish Chopra and Smt.Chand Rani respectively in spite of the fact that the g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sources of income. The transaction is through bank. Her creditworthiness genuineness and identity is not challenged." 4. With regard to Shri Satish Chopra, following explanation was given:- "The deposit is old one. Previously accepted by deptt. He is resident of Canada and mama of assessee. His passport and confirmation is filed. His creditworthiness, genuineness and identity is not challenged. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this point and accordingly, ground No.1 of the Revenue's appeal is rejected. 6. Ground No.2 raised by the Revenue reads as under:- "Whether in the facts and circumstances of the case, the CIT(A) has erred in law in deleting the addition of Rs.2 lacs made by the AO on account of cash deposit in the bank account of the assessee from undisclosed sources? The amount had rightly been added to the inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dence regarding this entry, the addition made in deleted." 8. From a perusal of the above finding, it is evident that in the remand proceedings, the assessee produced the evidences explaining the source of the deposit of Rs.2 lakhs in cash in the bank account which has not been disputed by the Assessing Officer. In view of the above, we do not find any infirmity in the order of learned CIT(A). Th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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