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TMI Blog2025 (1) TMI 1399X X X X Extracts X X X X X X X X Extracts X X X X ..... sal, CIT DR ORDER PER RAJ PAL YADAV, VP The assessee is in appeal before the Tribunal against the order of the Commissioner of Income Tax (Appeals) [in short 'the CIT (A)'] dated 17.06.2022 passed for assessment year 2019-20. Though the assessee has taken five grounds of appeal but his solitary grievance is that ld. CIT(A) has erred in confirming the addition of Rs. 6 lacs which was added by th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ash Singla during the course of search vide Question No. 12-13 while recording his statement under Section 132(4) of the Income Tax Act. The Question No. 12 exhibits that how much cash is lying within his residential premises. In reply to it, it was submitted by the assessee that approximately Rs. 10.50 lacs is available. Similarly, when it was put to the assessee that whether this cash belo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any relief to the assessee. 4. With the assistance of ld. Representative, we have gone through the record carefully. It is pertinent to note that during the course of search, assessee in the capacity of one of the Director has declared a sum of Rs. 10 lacs in M/s Avinash Agro Pvt. Ltd. to cover up any irregularity in explanation of any unexplained item. This Rs. 10 lacs has been assessed in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shed that source of cash is available with the assessee. It is difficult to establish a cash available in the family with a mathematic precision. It is to be appreciated on the normal human behaviour available in the family and if all the family members are assessable to tax, then possibility of their savings and availability of Rs. 10 lacs could never be denied. Therefore, learned Revenue Officer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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