2023 (3) TMI 1575

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....ut 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 during demonetization period. 3. Briefly stat....

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....gned 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 and gone through the relevant material on re....