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Naem Khan,Delhi vs Ito Ward-46(4), New Delhi on 20 February, 2025 cites

Bhagwandas Associates, Trade Name ... vs Income Tax Officer on 28 September, 2007

14. In so far as depositing the cash of Rs. 42,22,000/- in the account of the Assessee, it was the specific case of the Assessee that the money deposited was belongs to sister of the Assessee Mahmooda Khanam, who invested in the immovable property by making payment of the said amount. To substantiate the said claim, Assessee produced the sale deed before the Ld. CIT(A). The Ld. Assessee's Representative argued beforeus that the sister of the Assessee was not having the bank account and the cash must have been deposited in Assessee's bank account. We find no merit in the said contention of the A.R since the Assessee is also holding one more joint bank account, wherein the said Mahmooda Khanam is one of the joint account holder. The Ld. CIT(A) has also examined one more fact that actually the property has been purchased in 9 ITA No. 6609/Del/2019 Name Khan Vs. ITO the name of 'Salima Begum' and not in the name of Mahmooda Khanam as claimed by the Assessee. Even if the property is purchased in the name of Mahmooda Khanam, that will not discharge the onus to prove with regard to cash credit entries reflected in the Assessee's bank account. Considering the above facts and circumstances, we find no merit in Ground No. 3 to 12 of the Assessee. Accordingly, we dismiss the Ground No. 3 to 12.
Income Tax Appellate Tribunal - Pune Cites 16 - Cited by 6 - Full Document
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