METTA SUPRIYA,HYDERABAD vs. ITO, WARD-11(1), HYDERABAD

case, the Assessing Officer has summarily rejected the explanation furnished by the assessee without bringing on record any contrary evidence on record to disprove the claim of the assessee. The learned CIT (A) NFAC without appreciating the relevant facts simply sustained the addition made by the Assessing Officer. Thus, I set aside the order passed by the learned CIT (A) NFAC and direct the Assessing Officer to delete addition towards the cash deposits during demonetization period u/s 69A r.w.s. 115BBE of the I.T. Act, 1961.