In the result, the appeal filed by the assessee is allowed for statistical purposes
Bench: Shri Manomohan Das & Shri Rakesh Mishra
68,00,000/-. I request the Honourable ITAT to kindly delete the addition made by the Assessing Officer and confirmed by the Learned CIT(A) and relieve me from being penalized, as the time deposit was made in a bank situated in Meghalaya.” 2.1. The additional grounds of appeal raised by the assessee are as under: “Ground