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TMI Blog2014 (7) TMI 856X X X X Extracts X X X X X X X X Extracts X X X X ..... directed against the order of CIT(A). 2. The only ground of appeal of the Revenue is as under: The Learned CIT(A) has erred in law and on fact in deleting the addition of Rs. 11,29,700/- made on account of unexplained money. 3. The Ld. DR has referred to the relevant portions of the assessment order in support of the case of the Revenue. He submitted that there were cash deposits in the bank acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the passport of the students, cheques issued directly to "Sachinam Holidays" and "LKP Forex", the statements and affidavits of some students, the migration visas on the corresponding dates, the evidence of admission offer of universities to the students and in some cases, the mention of foreign currency taken out by the students outside India established that the amounts were issued in favour of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provided to the Assessing Officer for comments. The amount of opening balance of Rs. 2,55,500/- could not be established by the assessee and therefore, the addition of the same was confirmed by the CIT(A) and the balance addition was deleted. There being no mistake in the order of the CIT(A), who has passed a balanced and speaking order after considering all the evidences brought on record, we ho ..... X X X X Extracts X X X X X X X X Extracts X X X X
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