The ITAT upheld the CIT(A)'s deletion of additions made under...

The ITAT upheld the CIT(A)'s deletion of additions made under section 69A relating to alleged unaccounted income and unexplained cash deposits. The tribunal found the AO's quantum of addition flawed, as it failed to consider higher income already offered by the assessee in earlier years, resulting in no further addition for the relevant assessment year. The revenue did not demonstrate any error in the CIT(A)'s reliance on the AO's own findings and tables, nor did it dispute the assessee's earlier income declarations exceeding the AO's estimated addition. Regarding unexplained cash deposits, the ITAT accepted the assessee's books of account showing sufficient cash availability prior to deposits and found no evidence that cash shown was non-existent or diverted. Consequently, additions on both counts were deleted, and the appeal was decided against the revenue, affirming the correctness of the CIT(A)'s orders.

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