9911796707
TMI Blog2017 (7) TMI 205X X X X Extracts X X X X X X X X Extracts X X X X ..... allowing credit of ₹ 10 Lakh on account of rotation of cash out of total cash deposit of ₹ 16,34,750/- . Therefore, this limited issue is requires reexamination by the AO. We set-aside the issue to the file of the AO to examine the additional evidence produced and whether entries are duly appearing in cashbook and books of accounts. Appeal of the assessee is allowed for statistical pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 pertains to maintaining of addition of ₹ 5,63,981/- on account of cash deposit in bank in spite of the facts that all entries in cash deposit in bank were proved before ld. CIT (A). 3. Succinctly, facts as culled out from the orders of lower authorities are that the cash deposit were noticed based on AIR information. The total deposits in bank were at ₹ 36,03,379/- which inter-al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an appeal before the Tribunal. The Ld. A.R. submitted that additional evidence as filed and admitted were containing details of all the cash deposit as are appearing in cashbook maintained by the assessee. Therefore, the cash deposit as well as other deposits are part of turnover of business and it is reflected in books of accounts. Therefore, the Ld. CIT (A) was ought to have accepted the same, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tal cash deposit of ₹ 16,34,750/- . Therefore, this limited issue is requires reexamination by the AO. In view of these circumstances, we set-aside the issue to the file of the AO to examine the additional evidence produced and whether entries are duly appearing in cashbook and books of accounts. Accordingly, this issue is set-aside to the file of the AO for denovo examination. Needless to m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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