2023 (3) TMI 1575

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.... This appeal by the assessee arises out of the order dated 19-09-2022 passed by the CIT(A) in National Faceless Appeal Centre, Delhi u/s.250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2017-18. 2. The only issue raised in this appeal is against the confirmation of addition of Rs.29,10,000/- towards cash deposited in the bank account durin....

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....een summarised at pages 4 and 5 of the impugned order. The assessee submitted that the cash deposited in the bank was out of cash sales made during the year, which was to the tune of Rs.31,15,114/- out of total sales of Rs.43,06,145/-. Not convinced, the ld. CIT(A) sustained the addition, against which the assessee has come up in appeal before the Tribunal. 4. Having heard the rival submissions....