Bakshish Singh v. Income Tax O

141 IN THE HIGH COURT OF PUNJACHANDIGARB AND HARYANA AT H ITA-91-2024Date of Decision: 27.08.2024 Bakshish Singh . . . . APPELLANT Vs. Income Tax O . . . . RESPONDENT **** CORAM: HHON’BLE MR. JUSTICE SANON’BLE MR. JUSTICE SANJEEV PRAKASH SHARMAJAY VASHISTH **** Present: Mfor the petitioner. **** SANJEEV PRAKASH SHARMA, J.(Oral) 1.Present appeal has been filed under Section 260-A of the IncomeTax Act, aga1(Annexure A-3), passed by theIncome laxA )Traised before the Income Ta»Appellate Tr1Tegard to treating Rs.2,25,000/-(two lakh t$enty five thousand) as an opening cash balance, however>factually theme Tax Appellate Tribunal haSreached to theCIT (A) as well as the Incom > conclusion that the amount f~Rs.2,25,000/- stood withdrawTin the earlier year itself. The remainieg cash in hand claimed ofRs.24,00,000*- (twenty four lacs), was also fQund to be only account transfeTand infact there was no cash jin hand. 3.Tby the Income Tax AppellateTribunal, Chahe factual findings arrived at ndigarh and CIT(A), does not$arrant any interference by thiSCourt. Moreover, the present appeal is misco1ceived and is hereby dismissed. (SANJEEV PRAKASH SHARMA) JUDGE (SANJAY VASHISTH) JUDGE August 27, 2024 Rashmi 1. Whether speaking/reasoned? Yes/No2. Whether reportable? Yes/No