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TMI Blog2022 (11) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... s addition as the assessee herein has explained the details before the authorities regarding the amount - Therefore, appeal of the assessee is allowed. - I. T. A. No. 1167/Ahd/2018 - - - Dated:- 28-10-2022 - MS. SUCHITRA KAMBLE , JUDICIAL MEMBER Appellant by : None Respondent by: Dr. Mukesh Jain , Sr. DR ORDER This appeal is filed by the assessee against the order dated 16.03.2018 passed by the Ld. CIT(Appeals), Gandhinagar, Ahmedabad for A.Y. 2014-15. 2. The grounds of appeal raised by the assessee read as under: The grounds of appeal mentioned hereunder are without prejudice to one another 1. Section 68 Addition made treating cash deposits in to bank account as unexplained cash credits The Lea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ings u/s 271(1)(c) of the Act. Your Honour's appellant craves leave to add, amend, alter or withdraw any or more grounds of appeal on / or before the hearing of appeal. 3. The assessee e-filed his return of income for A.Y. 2014-15 on 07.07.2014 declaring total income at Rs. 2,51,290/-. The same was processed u/s 143(1) by CPC, Bangalore and refund of Rs. 21,220/- including interest u/s 244A of Rs. 914/- was granted. The case was selected for scrutiny under CASS and notice u/s 143(2) of the Act was issued on 28.08.2015 and served on the assessee on 01.09.2015. In response to the notice, the assessee through Authorised Representative furnished the details. The Assessing Officer observed that the assessee derives income from pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mercial Co-op. Bank Ltd., the assessee has made total deposits of Rs.13,41,888/- during the relevant assessment year including the cash deposits from 21.08.2013 to 25.02.2014. The Assessing Officer made addition of Rs. 4,07,000/- as unexplained cash credits u/s 68 of the Act. The Assessing Officer also made addition of Rs. 38,616/- as undisclosed income towards receipt of interest from SBI account. 4. Being aggrieved by the assessment order, the assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the assessee. 5. At the time of hearing none appeared on behalf of the assessee despite giving notice at the address given in Form No. 36 of the appeal memo. No new address was intimated to the registry by the Assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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