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TMI Blog2023 (10) TMI 1029X X X X Extracts X X X X X X X X Extracts X X X X ..... ved on sale of fish. Now, the onus is on the assessee to substantiate his claim with proper evidence. However, the assessee has not furnished any details of such accumulated savings deposited in his account either before the lower authorities or before us. Hence, in the absence of any evidence to establish his contention, no reason to interfere with the order passed by the CIT(A) and accordingly dismiss the grounds raised by the assessee. - SHRI DUVVURU RL REDDY, HON BLE JUDICIAL MEMBER For the Appellant : None For the Respondent : Shri Madhukar Aves, DR ORDER Per Shri Duvvuru RL Reddy, Judicial Member : This appeal is filed by the assessee against the order of Commissioner of Income Tax (Appeal) [CIT(A)], ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee. 4. On being aggrieved with the order of the Ld. CIT(A) the assessee preferred an appeal before the Tribunal by raising the following grounds : 1. The learned Commissioner of Income Tax (A) erred in confirming the addition of cash deposits in the Appellant s bank account made by the Assessing Officer both on facts and in law. 2. The Learned Commissioner of Income Tax (A) ought to have appreciated that the reassessment proceedings, initiated by the Assessing Officer on the basis of erroneous facts and borrowed satisfaction and without verification are invalid in law. 3. In the facts and circumstance of the case the provision of section 68 of the I.T. Act, 1961 have no application in the absence of books of account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the instant case, on the basis of information received, the AO noted that there was cash deposit of Rs. 32,12,000/- in assessee s bank account. The assessee explained before the AO that he received 1/4th share from sale of ancestral property and received Rs. 2,30,628/- which was deposited in his bank account and the balance cash in bank was the income received on sale of fish. Now, the onus is on the assessee to substantiate his claim with proper evidence. However, the assessee has not furnished any details of such accumulated savings deposited in his account either before the lower authorities or before me. Hence, in the absence of any evidence to establish his contention, I have no reason to interfere with the order passed by the Ld.CIT( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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