2025 (4) TMI 2067

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.... This appeal by the assessee is directed against an ex-parte order of Commissioner of Income Tax (Appeals)/Additional/Joint Commissioner of Income Tax(Appeals)-1, Kolkata (hereinafter referred to as 'the CIT(A)') dated 31.01.2024, for assessment year 2017-18. 2. The solitary issue assailed by assessee in appeal is addition of Rs. 5,63,500/- u/s. 69A of the Income Tax Act, 1961 (herein....

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....rom own bank accounts. The AO partly accepted the submissions and made addition of Rs. 5,63,500/- as unexplained cash deposits u/s. 69A of the Act. Aggrieved by the addition made in assessment order dated 03.09.2019 passed u/s. 143(3) of the Act, the assessee carried the issue in appeal before the CIT(A). The CIT(A) vide impugned order without examining the documents on record confirmed the additi....

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....d. DR prayed for upholding the addition and dismissing appeal of the assessee. 5. Both sides heard, orders of the authorities below examined. The assessee in appeal has assailed addition of Rs. 5,63,500/- on account cash deposits in bank account during demonetization. The assessee has explained that the source of cash deposits in SBI saving bank account and KCC account is earlier withdrawals fr....