Rewrite the text I provide below in a more legally sound, pr...
Prompt
Rewrite the text I provide below in a more legally sound, precise, clear, and professionally drafted manner, keeping in mind the documents, facts, evidence, and context already provided. Strengthen the reasoning and findings wherever necessary, remove ambiguity or weak wording, maintain consistency with the record, and draft it in a manner suitable for an Income-tax Department SCN/order and capable of withstanding appellate scrutiny. Do not change the underlying facts, figures, or conclusions unless necessary to correct an obvious inconsistency. Do not invent facts or evidence. Give me only the revised draft, ready to be used in the SCN/order, without lengthy explanations or commentary. Text to rewrite: 1. Addition on account of unexplained money During the course of assessment proceedings, the information received from GP Parsik Janta Sahakari Bank, Badlapur, in response to notice issued under section 133(6) of the Income-tax Act, 1961, was examined. It was found that you had deposited cash amounting to Rs. 11,18,700/- in specified bank notes in your bank account during F.Y. 2016-17 relevant to A.Y. 2017-18, i.e. during the demonetization period. Despite repeated opportunities afforded to you during the original assessment proceedings and the proceedings pursuant to the order of the CIT(A) setting aside the original assessment, you have failed to furnish any credible explanation regarding the nature, source and genuineness of the aforesaid cash deposit. No books of account, cash book, sale records, bills/vouchers, confirmation or any other documentary evidence has been furnished to establish that the said cash represented genuine business receipts or otherwise had a satisfactorily explained source. The CIT(A), vide order dated 20.01.2025, had specifically restored the matter to the file of the Assessing Officer and directed to you to furnish the necessary documents in support of your case. Despite the said specific direction and subsequent opportunities provided by this office, you have failed to avail the opportunity and has not furnished any substantive explanation or supporting evidence. You were also confronted with the aforesaid issue through notice issued under section 144 of the Act. However, no compliance has been made by you till date. The continued non-compliance, despite repeated statutory opportunities, leaves the source and nature of the cash deposit of Rs. 11,18,700/- wholly unsubstantiated. In the absence of any satisfactory explanation or documentary evidence regarding the nature and source of the said cash deposit, the amount of Rs. 11,18,700/- is unexplained. Therefore, you are hereby required to show cause as to why the cash deposit of Rs.11,18,700/- made in specified bank notes during the demonetization period should not be treated as unexplained money under section 69A of the Income-tax Act, 1961 and taxed in accordance with section 115BBE of the Act. (Proposed Addition of Rs. 11,18,700/-) You are hereby intimated that, in case the explanation furnished by you in respect of the above addition is found to be unsatisfactory, penalty proceedings under section 271AAC(1) of the Income-tax Act, 1961, shall be initiated, . please write this better
