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Showing contexts for: ITD database in Amar Singh Sharma, Bharatpur vs Ito, Bharatpur on 20 December, 2016Matching Fragments
3. Being aggrieved by the order of the Assessing Officer, the assessee carried the matter before the ld. CIT(A), who had confirmed the order of the Assessing Officer by observing as under:-
"4.3 I have gone through the assessment order as well as submissions made by the appellant and find that an addition of Rs. 18,90,000 has been made by the AO on account of unexplained money u/s 69A of the IT Act. Based on the information received from the ITD database, it was found that appellant has deposited an amount of Rs. 32,01,000 in savings bank account with Axis Bank in cash during the period under consideration. The requisite details furnished by the appellant were examined by the AO in the course of assessment proceedings and based on the details with supporting evidence furnished, it was found that cash deposits of Rs. 28 lacs are unexplained. The appellant further explained that this amount has been deposited by his son in law Sh. Kuldeep Sharma Urf Deepak Kumar out of the sale proceeds of land sold by him and his family members.