2020 (6) TMI 235

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....RVEDI, AM : 1. This appeal filed by assessee is emanating out of the order of Commissioner of Income Tax (Appeals) - 2, Aurangabad dated 04.07.2016 for A.Y. 2011-12. 2. The relevant facts as culled out from the material on record are as under :- Assessee is an individual, who electronically filed his return of income for A.Y. 2011-12 on 11.11.2011 declaring a total income of Rs. 1,91,320/....

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....ecalling of the order. Consequently, the Tribunal vide M.A. No.83/PUN/2018 order dt.12.03.2019 recalled the earlier order dated 17.05.2018. Thus, assessee is now in second appeal. Now the assessee has revised the grounds which read as under : "The Ld. Commissioner of Income Tax (Appeals) has erred in confirming the addition to the extent of Rs. 10,17,000/- on account of cash deposits made....

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....f deposits of Rs. 14,17,000/-. He accordingly made addition of Rs. 14,17,000/- u/s 69A of the Act. Aggrieved by the order of AO, assessee carried the matter before Ld.CIT(A), who after considering the remand report received from AO and assessee's reply to remand report held that assessee had explained the cash deposits with respect to Rs. 4 lakhs. He accordingly confirmed the cash balance of Rs. 1....

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....her hand, supported the order of AO and Ld.CIT(A). 5. I have heard the rival submissions and perused the material on record. The issue in the present ground is with respect to the addition made on account of unexplained cash deposits by the assessee in Central Bank of India. As against the total deposits of Rs. 14,17,000/-, which was added as income by AO. Ld.CIT(A) after considering the remand....