2025 (2) TMI 600

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..... rty/flat sold at a particular period. Thus, the assessee has in detail explained the cash deposits which was totally ignored by the AO as well as by the CIT(A). Hence, appeal of the assessee is allowed.
Smt. Annapurna Gupta, Accountant Member And Ms. Suchitra Kamble, Judicial Member For the Assessee : Shri Biren Shah, AR For the Revenue : Ms. Neeju Gupta, Sr. DR ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER: This appeal is filed by the Assessee against order dated 29.09.2023, passed by the CIT(A), National Faceless Appeal Centre (NFAC), Delhi for the Assessment Year 2017-18. 2. The assessee has raised the following grounds of appeal :- "1. In law and in the facts and circumstances of the appellant's case, the Ld. CIT(A) erred i .....

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..... gathered a list of assesses who had deposited substantial cash in Bank account during demonetisation period and has not filed income tax return for the A.Y. 2017-18. The assessee deposited cash of Rs. 10,00,000/- in her Bank account during the demonetisation period. The assessee is a NRI and her e-mail id. was not available with the Department but the assessee failed to comply with the notices and failed to furnish details despite giving statutory notices. The Assessing Officer further issued notice of which the assessee replied and submitted that she withdrew cash to meet her day-to-day house hold expenses and also that due to the medical exigencies in her family she required cash in hand and the deposit in the Bank account are in consonan .....

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..... his, the assessee requires cash in hand but due to the demonetisation she has to deposit the said amount in the Bank account. The Ld. AR submitted that the Assessing Officer as well as the CIT(A) was not justified in confirming the addition of cash deposit in Bank account as the assessee has already explained the deposit of Rs. 8,31,500/-. The Ld. AR further submitted that the assessee has also sold her property and, therefore, the entire cash was explained by the assessee. 6. The Ld. DR relied upon the Assessment Order and the order of the CIT(A). The Ld. DR further submitted that the assessee has not given any evidence and the Assessing Officer has rightly made the addition. 7. We have heard both the parties and perused all the relevant .....

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