Ito W 1 Malerkotla v. Sh Darshan Singh Dhuri

1 In The Income Tax Appellate Tribunal Chandigarh Benches Chandigarh Before Shri Sanjay Garg Judicial Member Ms Annapurna Gupta Accountant Member Ita No 1410 Chd 2017 Assessment Year 2009 10 The Ito Vs Sh Darshan Singh Ward 1 S O Sh Pritam Singh Malerkotla Vil Smundgrh P O Kandhargarh Tehsil Dhuri Pan No Eeyps 1032 G Appellant Respondent Appellant By Smt Chanderkanta Respondent By None Date Of Hearing 21 12 2017 Date Of Pronouncement 21 12 2017 Order Per Sanjay Garg Judicial Member The Present Appeal Has Been Preferred By The Revenu E Against The Order Of The Commissioner Of Income Tax Appeals Hereinafter Referred To As Cit A 2 Ludhiana Dated 18 07 2017 2 The Revenue Has Agitated The Action Of The Cit A In Deleting The Addition Of Rs 30 Lacs Made By The Assessing Offic Er On Account Of Unexplained Cash Deposits In The Bank Account Of Th E Assessee 2 3 None Has Come Present On Behalf Of The Assessee However Taking Into Consideration The Facts And The Impugned Order Of The Cit A We Proceed To Decide The Appeal After Hearing The Ld Dr 4 The Brief Facts Of The Case Are That Assessing O Fficer Noted That An Amount Of Rs 30 Lacs Was Deposited In The Bank Acc Ount Of The Assessee During The Relevant Year He Show Caused The Asses See In This Respect But Did Not Find The Explanation Given By The Assessee Satisfactory In View Of This He Made The Addition Of The Aforesaid Amount Of Rs 30 Lacs Into The Income Of The Assessee As Unexplained Cash Credits During The Appellate Proceedings The Assessee Furnished Details Eviden Ce And Explained That The Aforesaid Amount Was Received By Him From His Fathe R As Gift The Source Of The Aforesaid Gift Was Out Of The Sale Of Land M Ade By His Father He Not Only Produced Copies Of The Sale Deed But Also His Own Affidavit With Regard To The Receipt Of Gift Upon The Evidence S O Furnished By The Assessee Ld Cit A Called For The Remand Report F Rom The Assessing Officer After Considering The Remand Report And Th E Comments Of The Assessee Upon The Remand Report Of The Assessing Of Ficer The Ld Cit A Found That Assessee Had Satisfactorily Explained Th E Source Of Cash Deposit In Bank Account He Also Noticed That The Father Of The Assessee Was No More In The World That There Was No Question To Do Ubt About The Receipt Of The Amount By The Assessee From His Father Which In Turn Was Received By Him From The Sale Of His Agricultural Land In Vie W Of This Ld Cit A Deleted The Addition 3 We Do Not Find Any Reason To Interfere In The Af Oresaid Well Reasoned Order Of The Cit A And The Same Is Upheld 3 4 In The Result The Appeal Of The Revenue Is Here By Dismissed Order Pronounced In The Open Court Sd Sd Annapurna Gupta Sanjay Garg Accountant Member Judicial Member Dated 21 12 2017 Rkk Copy To 1 The Appellant 2 The Respondent 3 The Cit 4 The Cit A 5 The Dr