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TMI Blog2019 (2) TMI 1582X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee - AO doubted their genuineness on certain frivolous issues. Shri Prakash B. Patil, could not appear in person before the AO, but furnished a confirmation letter on 13-12-2010 accepting the making of gift and a copy of his bank account to support the withdrawal of cash and giving of gift. In considered opinion, the assessee cannot be said to have not successfully discharged the burden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant : Shri Sanjay M. Vhanbatte For the Respondent : Shri Rajesh Gawali ORDER PER R.S.SYAL, VP : This appeal by the assessee is directed against the order passed by the CIT(A)-2, Kolhapur on 05-02-2018 in relation to the assessment year 2003-04. 2. The first ground is against confirmation of addition of ₹ 5 lakhs. 3. Briefly stated, the facts of the case are that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uced, all of whom accepted the fact of having given gifts to the assessee. Not convinced, the AO made addition. The ld. CIT(A) upheld the same. 4. After considering the rival submissions and perusing the relevant material on record, it is observed that the assessee received a sum of ₹ 5 lakhs by way of small gifts from his friends and relatives. All of such persons, except, Shri Prakash B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee submitted that a sum of ₹ 1,30,000/- was received by him from sale of plot of land. The AO did not accept the explanation and made the addition, which came to be upheld in the first appeal. 7. Having regard to the facts of the instant ground, it is seen that the assessee categorically stated before the AO that he sold a plot of land for ₹ 1,30,000/-. A copy of Profit an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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