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In the result, the appeal of the assessee is partly allowed
Bench: Dr.Manish Borad & Shri S.S.Viswanethra Raviआयकर अपील सं. / Ita No.267/Pun/2025 Assessment Year : 2017-18
house and admission for MDS. There is clearly established that the reason given for cash in hand not justifiable. Perusal of the assessment order, the appellant explained before the AO that during the F.Y. 2016-17, he had purchased a Flat being No. 901 in Stargaze Apartment Pune on 02.07.2016 from Kolte Patil Developers, Pune for Rs.98,35,764, Stamp