In the result, the appeal of the assessee is allowed for statistical purposes
Bench: Shri M. Balaganesh(Through Virtual Hearing) Manish Kumar Chaturvedi, Vs. Income Tax Officer, 1882, Shivaji Nagar, Jhansic Ward-2(3)(2), 284001 Jhansi 284 001 (Appellant) (Respondent) Pan:Akkpc5294Q Assessee By : None Revenue By: Shri Shailender Shrivastava, Sr. Dr Date Of Hearing 06/02/2025 Date Of Pronouncement 06/02/2025
iii) the AO has neither controverted to nor doubted the contents of statement on oath made by the individuals who had given cash to the appellant for medical treatment of his father from their explained sources yet, the AO has made addition of Rs. 13,00,000 solely on the basis of surmisen and conjectures and without any cogent reason