2022 (6) TMI 1333

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....l for Revenue ORDER Per: B.R. Baskaran, A.M. The assessee has filed this appeal challenging the order dated 27.12.2021 passed by the learned CIT(A), National Faceless Appeal Centre (NFAC), Delhi and it relates to AY 2017-18. 2. The assessee is aggrieved by the decision of the learned CIT(A) in confirming the addition of Rs.7,01,000/- being cash deposit made into his bank account during....

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.... has made deposits and withdrawals subsequent to the date of withdrawal of Rs.8,00,000/- from his bank account. Accordingly he assessed the amount of Rs.7,01,000/- as unexplained cash under Section 69A of the Income Tax Act, 1961 (hereafter "the Act"). The learned CIT(A) also confirmed the same. 4. I heard the parties and perused the record. The learned A.R. took me through the copies of bank a....