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TMI Blog2019 (9) TMI 154X X X X Extracts X X X X X X X X Extracts X X X X ..... jesh, JSC for Mr. Karthik Ranganathan, SSC ORDER Judgment was delivered by T.S. Sivagnanam, J We have heard Mr.S.Rajasekar, learned counsel for the appellant - assessee and Mr.S.Rajesh, learned Junior Standing Counsel appearing for the respondent - Revenue. 2. This appeal filed by the assessee under Section 260A of the Income Tax Act, 1961 (for short, the Act) is directed against the order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he addition, not perverse?" 4. The assessee is an individual stated to be running a snack bar and trading in edible essences. For the assessment year under consideration namely 2009-10, the assessee filed return of income on 20.10.2009. The return was processed under Section 143(1) of the Act on 27.9.2010. The case was selected for scrutiny and a notice under Section 143(2) of the Act was issued ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e amount shown as turnover was added to the total income. The Assessing Officer further found that the assessee deposited cash totaling to Rs. 9,40,000/- in the ICICI Bank current account. Since the assessee did not disclose the details, the Assessing Officer addressed a letter to the ICICI Bank and called for details. However, the bank did not furnish the copy of the accounts, but stated that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... On further appeal by the assessee, the Tribunal concurred with the view taken by the CIT(A) and dismissed the appeal. This is how the assessee is before us by way of this appeal. 7. From the facts, it is evidently clear that the explanation offered by the assessee was found to be not satisfactory by the Assessing Officer. The CIT(A) re-examined the factual matrix, considered the sufficiency of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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