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TMI Blog2017 (6) TMI 1351X X X X Extracts X X X X X X X X Extracts X X X X ..... f the bank account for the purpose of incurring marriage expenses. When amounts were withdrawn for the purpose of marriage, there is no question of redeposit of the same amount in the bank account of the assessee as is contended by assessee - assessee failed to explain source of the cash deposit in the bank account to the satisfaction of the authorities below. AO has already extended sufficient benefit to the assessee for the purpose of making the addition on this issue - Assessee submitted that it being an old case, it is difficult for assessee to produce evidence or material on record to explain entire deposits in the bank account, therefore, on the face of the same submission it is clear that assessee is not in a position to explain t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re initiated. It was gathered from the statement of bank account maintained by assessee for the year under consideration that cash deposits had been made by the assessee on various dates during the entire year. The assessee was directed to explain source of the cash deposit and to furnish details of total land holding alongwith proof thereof , explain the source of the cash deposits / other credit entries reflected in the saving bank account and purpose of withdrawal, note on agricultural income derived by assessee and his family members and explain modus operandi of the business income. 4. The assessee filed written submission before AO in which explained that assesses are four brothers namely Mr. Sajid Ali, Mr. Naisr Ali, Mr. Amir Ahme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de to Smt. Saroj Saxena. AO considering the reply of the assessee in totalilty noted that there are total credit entries of ₹ 21,59,600/- out of which balance account of ₹ 7,28,400/- is not connected to the collective income as claimed by the assessee and his brothers during the course of assessment proceedings. The land holdings of the assessee s family was not such to explain the bank deposits. Therefore the amount of Rs. 7,28,400/- was considered as accretion of cash appearing in the bank account of the assessee and which has been utilized out of unexplained income during the previous year and therefore added u/s 69A of the I.T. Act. The addition of ₹ 7,28,400/- was thus made to the income of the assessee. Ld. CIT(A) on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Counsel for assessee. It is therefore a fact that assessee failed to explain source of the cash deposit in the bank account to the satisfaction of the authorities below. AO has already extended sufficient benefit to the assessee for the purpose of making the addition on this issue. Ld. Counsel for assessee submitted that it being an old case, it is difficult for assessee to produce evidence or material on record to explain entire deposits in the bank account, therefore, on the face of the same submission it is clear that assessee is not in a position to explain the source of the cash deposit in the bank account. The appeal of assessee itself has no merit same is therefore dismissed. 6. In the result appeal of assessee is dismissed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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