SACHIN RANGNATH KHATAL,AHMEDNAGAR vs. ITO, WARD-2, AHMEDNAGAR, AHMEDNAGAR

Coming to the assessee’s sole substantive grievance raised in the instant appeal challenging sec.56(2)(vii) addition of Rs.24,00,300/- made during the course of assessment as upheld by NFAC’s order, Mr. Jha vehemently argued that the same indeed deserves to be exempted as per 4th Proviso Clause-(b) there under since it had been received “on the occasion of the marriage of the 2 ITA.No.1090/PUN./2023 individual”. This tribunal finds no merit in the assessee’s foregoing sole argument once it has come on record that he had deposited the impugned cash sums in June 2014 whereas his marriage got solemnized on 17.12.2014. It is reiterated that the clinching statutory expression herein is that the foregoing exemption provision only talks about “occasion of the marriage of the individual” rather than anything before or after that. I accordingly accept the Revenue’s vehement contentions supporting the impugned addition. Both the learned lower authorities orders in making the impugned additions are confirmed. Ordered accordingly.

This assessee’s appeal is dismissed in above terms.