2022 (9) TMI 284

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....bitrary, erroneous, without proper reasons, invalid and bad in law, to the extent to which they are prejudicial to the interests of the appellant. ii. For that the ld. CIT(A) erred in confirming the action of the AO in making addition of Rs. 3,00,000/- on the alleged ground of excess cash deposit and to tax the same u/s 115BBE of the Income-tax Act, 1961. iii. For that the ld. CIT(A) erred in upholding the action of the assessing officer who applied the provision of section 68 read with section 115BBe of the Act on wrong appreciation of the facts of the case. iv. For that the ld. CIT(A) erred in holding that the statements given by the appellant, to explain the source of the cash deposited in the bank account in S....

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....mission within certain details and documents time to time. The AO considered the explanation of the assessee and rejected the explanation and the AO added cash deposit of Rs. 3,00,000/- made in IDBI Bank on 28.11.2016 was remained unexplained cash deposit and the same is charged u/s 115BBE of the Act. 4. Dissatisfied with the above order, the assessee preferred and appeal before the ld. CIT(A) and upheld the order of the A.O. 5. The ld. counsel of the assessee submitted that the appellant had deposited cash of Rs. 13,00,000/- in her bank account during demonetization period and during assessment proceedings, the appellant submitted that Rs. 10,00,000/- already disclosed under IDS-2016 and for remaining Rs. 3,00,000/-, the appellant pr....