9911796707
TMI Blog2018 (5) TMI 258X X X X Extracts X X X X X X X X Extracts X X X X ..... ourt is of the opinion that the findings impugned are entirely factual and fall within the exclusive domain of the revenue adjudicating and appellate authorities. No substantial question of law arises in this appeal. - ITA 815/2017 - - - Dated:- 5-4-2018 - MR. S. RAVINDRA BHAT AND MR. A. K. CHAWLA JJ. Appellant Through: Mr. Ved Jain, Mr. Pranjal Srivastava and Ms. Devina Sharma, Advocates. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redeposit of the cash withdrawn from the bank account; it was also explained that there was a payment from the tenants in the form of rent and security and the opening cash in hand brought forward from preceding financial year, which was the source of such cash deposits. He also explained that he had received cash gift of aggregating ₹7,70,000/- from his in-laws on the occasion of birth of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egate of the cash deposit in the bank account ignoring the cash withdrawal from the bank. The further appeal by the assessee, to the ITAT, however, was unsuccessful. 3. Mr. Ved Jain, learned counsel submitted that the addition of ₹30,72,236/- consists of aggregate of all cash deposits made by the assessee during the year under consideration in the bank account with Punjab National Bank. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h gift (of ₹ 7,70,000/- counsel submitted that it was received on 10.03.2010, from his in-laws on the occasion of birth of his first son on 01.03.2010. Further the assessee had submitted evidence to prove the creditworthiness of the donors such as affidavit of the Sh. Subhash Chandra Sanghai, father-in-law of the assessee wherein he has explained the detailed background of the gifts and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ected this explanation, with the exception of the CIT (A) who granted relief on a small aspect. This court is of the opinion that the findings impugned are entirely factual and fall within the exclusive domain of the revenue adjudicating and appellate authorities. 5. For the foregoing reasons, the Court is of the opinion that no substantial question of law arises in this appeal. The appeal is, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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