2023 (6) TMI 762

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e ld. Income Tax Officer (Nodal Officer), International Taxation, Ward-3(1)(2) ,[in brevity the AO] order passed u/s 143(3) of the Act. 2. The assessee has taken the following grounds: - "1. Because, the Ld. C1T (A) erred in law as well as on facts while confirming the following addition u/s 69A of the Act r.w.s 115BBE. a. Total cash deposited by the assessee in his bank account no. 55162611676 maintained with SBI during the year under assessment Rs. 28,40,000/-. b. Total Addition made by the A.O. under Section 69 A of the Act, 1961 treating it as deemed Income Rs. 28,40,000/-. c. Addition deleted by the Ld. CIT (A) Rs. 20,92,359/-. d. Addition confirmed by the Ld. CIT(A) (b-c) Rs. 7,47,641/-.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....deposited cash in a day in State Bank of India on dated 27.12.2016 amount to Rs. 28,40,000/-. In assessment, the ld. AO was dissatisfied about the explanation of the assessee about the source of cash deposit, the entire amount of Rs. 28,40,000/- was added back with the total income of the assessee u/s 69A of the Act. Being aggrieved, the assessee filed an appeal before the ld. CIT(A). The ld. CIT(A) after considering the explanation of the assessee the addition of Rs. 20,92,359/- was deleted and restricted the addition amount of Rs. 7,47,641/-. Being aggrieved the assessee filed an appeal before us for addition amount to Rs 747,641/-. 4. When the appeal was called for hearing, none was present on behalf of the assessee. We find from the ....