KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD
In the result, all the appeals of assessees are dismissed
ITA 119/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19
Bench: Shri R.K. Panda & Shri Laliet Kumar
For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B
purchase of two villas along with his brother, 50%
of the above cash payments, i.e., Rs.35,00,000/ - is considered in the hands of the assessee as unexplained cash investment til s 69B..."
Even during the course of appeal proceedings, the appellants did not furnish any explanation with supporting documentary evidence except for reiterating the contentions raised before