Tribunal allows appeal, deletes unexplained cash deposits, dismisses challenge to assessment proceedings.

The Tribunal allowed the appeal against the CIT (A) orders, deleting additions under section 68 for unexplained cash deposits for all assessment years. Grounds challenging the validity of assessment proceedings under section 153A were dismissed. All appeals filed by the assessee were partly allowed.

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Issues:
- Appeal against orders dated 29.01.2021 of CIT (A)-12, Hyderabad for A.Ys 2014-15 to 2018-19.
- Addition u/s 68 of the I.T. Act for unexplained cash deposits.
- Validity of assessment u/s 153A.

Analysis:
Issue 1: Appeal against CIT (A) Orders
- The batch of appeals challenged separate orders of CIT (A) for A.Ys 2014-15 to 2018-19.
- Identical grounds raised in all appeals heard together and disposed of by a common order.

Issue 2: Addition u/s 68 of the I.T. Act
- Assessing Officer applied peak credit theory due to lack of proper explanation for cash deposits and withdrawals.
- CIT (A) confirmed the additions made by the Assessing Officer.
- Assessee argued that the group disclosed additional income to avoid litigation, which should cover the disputed amounts.
- Cited a similar case where the Tribunal deleted additions for unexplained cash deposits.
- Tribunal noted the group's disclosure of additional income and deleted the additions u/s 68, following the precedent set in a related case.

Issue 3: Validity of Assessment u/s 153A
- Assessee did not press grounds challenging the validity of assessment u/s 153A.
- Those grounds were dismissed as not pressed.

Conclusion:
- Tribunal allowed the appeal against CIT (A) orders, deleting additions u/s 68 for unexplained cash deposits for all A.Ys.
- Grounds challenging the validity of assessment proceedings u/s 153A were dismissed.
- All appeals filed by the assessee were partly allowed.

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