2025 (10) TMI 1295

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....s 144 of the Act, dated 16.12.2019. 2. The assessee is in appeal before the Bench raising the following grounds of appeal: "1. For that in the facts and circumstances of the case and in law, the addition u/s. 69A of Rs.46,33,000 as alleged unexplained cash credit representing deposits made to assessee's bank accounts against which withdrawals are also made, is wrong, erroneous, arbitrary, misconceived, excessive and deserves to be deleted or reduced. 2. For that the impugned assessment order u/s. 144 dated 26.12.2019 has been passed without granting sufficient and adequate opportunity of hearing to the assessee and is otherwise bad in law, invalid, non-est and ab-initio void. 3. For that the assessee craves....

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....treated the sum of Rs.46,33,000/- as unexplained money u/s 69A of the Act and added to the total income of the assessee. Accordingly, the Ld. AO passed order u/s 144 of the Act assessing the total income of the assessee at Rs.49,23,590/-. Aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A) who, vide order dated 19.02.2025, held that during the appellate proceedings the assessee did not produce any new/additional documents to prove the source of cash deposited during the demonetization period amounting to Rs.46,33,000/- and upheld the finding of the Ld. AO treating the same as deemed income of the assessee u/s 69A of the Act for the year under consideration. Further, since proper opportunities were provide....