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of <h1>Assessee wins appeal as unexplained cash deposit additions exceed actual bank deposits of Rs. 1,05,000</h1> <h3>Vinodbhai Chaturbhai Vankar, Vadodara Versus Assessment Unit, Income Tax Department through Income Tax Officer, Ward-1 (2) (1), Vadodara</h3> Vinodbhai Chaturbhai Vankar, Vadodara Versus Assessment Unit, Income Tax Department through Income Tax Officer, Ward-1 (2) (1), Vadodara - TMI The Appellate Tribunal (ITAT Ahmedabad) allowed the assessee's appeal against the Ld. CIT(A)'s order for A.Y. 2019-20. The key issues were (1) the Ld. CIT(A)'s refusal to condone delay in filing the appeal, and (2) the addition of Rs. 2,12,750/- on account of unexplained cash deposits. The Tribunal found that the Assessing Officer's addition exceeded the actual cash deposits, as evidenced by Form 26AS and bank statements showing deposits of only Rs. 1,05,000/-. Holding that the AO's addition was 'liable to be deleted,' the Tribunal reversed the addition and allowed the appeal.
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