9911796707
TMI Blog2022 (10) TMI 1024X X X X Extracts X X X X X X X X Extracts X X X X ..... the source of the alleged cash deposited in the Bank - Therefore, delete the addition made under section 69A of the Act by setting aside the finding of the ld. CIT(Appeals) and allow the appeal of the assessee. - I.T.A. No. 414/KOL/2022 - - - Dated:- 20-9-2022 - Dr. Manish Borad, Accountant Member Shri Siddharth Agarwal, Advocate, for the Appellant Shri Vijay Kumar, Addl. CIT, Sr. D.R., for the Respondent ORDER Per Dr. Manish Borad, Accountant Member:- This appeal at the instance of assessee for assessment year 2017-18 is directed against the order of ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 25.05.2022 passed under section 250 of the Income Tax Act, 1961. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Being not satisfied, the assessee challenged this addition before the ld. CIT(Appeals), who partly allowed relief to the assessee amounting to Rs.4,13,700/-, which was the amount withdrawn by the assesese during the period 31st October, 2015 to 27th October, 2016. 5. Being aggrieved, the assessee is now in appeal before the Tribunal against the remaining addition of Rs.11,17,300/- sustained by the ld. CIT(Appeals). 6. Ld. Counsel for the assessee submitted that the assesese is a retired Government employee and his main source of income is pension from Information Broadcasting Department. He also stated that the assessee mostly remains ill as he is also suffering from various diseases. Ld. Counsel also submitted that the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee is ill and suffering from various diseases and often undergoes medical treatment. Before the lower authorities, the assessee has submitted the reason for holding the entire cash throughout the year for the fear of any online fraud because it came to his knowledge that various frauds have been made in Kolkata at SBI, Jadavpur Branch and Reserve Bank of India clearly mentioned that bank authority should not be liable for any kind of fraudulent activities done by hackers in any circumstances and nobody committed to get back their valuable money. 9. I also notice that during F.Y. 2015 -16, there is a credit of Rs.18,31,533/- in the account of Bank of Baroda. It was received towards pension arrears, gratuity and other entitlements ..... X X X X Extracts X X X X X X X X Extracts X X X X
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