N. NEMICHAND JEWELLERS,,SECUNDERABAD vs. ACIT CENTRAL CIRCLE-1 (2), HYDERABAD
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 133/HYD/2022[2019-20]Status: DisposedITAT Hyderabad15 Jul 2022AY 2019-20
Bench: Shri R. K. Pandaassessment Year: 2019-20 M/S. M. Nemichand Vs. A.C.I.T. Jewellers Secunderabad Central Circle 1(2) Pan:Aacfm8833B Hyderabad (Appellant) (Respondent) Assessee By: Sri Pawan Kumar Chakrapani Revenue By: Sri Y.V.S.T. Sai, Dr Date Of Hearing: 12/07/2022 Date Of Pronouncement: 15/07/2022 Order This Appeal Filed By The Assessee Is Directed Against The Order Dated 20.02.2022 Of The Learned Cit (A)-11, Hyderabad Relating To A.Y. 2019-20. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Partnership Firm & Is Engaged In The Business Of Retail-Trading Of Gold Jewellery & Pawn Brokers. During The Course Of Vehicle Checking Duty Conducted During Parliament Elections, The Police Intercepted Shri Anil Kumar Jain At 8.30 P M On 20.02.2019 Near Subhan Bakery, Nampally, Hyderabad & Found A Bag Containing Cash Of Rs. 10,00,000/- While He Was Riding Honda Activa Bearing Reg. No.Ts10El1501 & Seized The Cash.
For Appellant: Sri Pawan Kumar ChakrapaniFor Respondent: Sri Y.V.S.T. Sai, DR
Section 131Section 132A(1)
3 Whether the learned Assessing Officer is justified in making an addition of Rs. 10,00,000/, as unexplained cash credit under section 69A of the Act, under the facts and circumstances of the case. A. Whether the learned Assessing Officer is justified in making addition of Rs.
10,00,000/-, even when the documents were submitted before
