NATIONAL INSTITUTE FOR TEACHER EDUCATION,KHETRI vs. INCOME TAX OFFICER, WARD 1(4), GUWAHATI , GUWAHATI

In the result, the appeal filed by the assessee is allowed

Bench: Sri Duvvuru Rl Reddy(Kz) & Sri Rakesh Mishra

54,560/- by making an addition of Rs. 12,97,000/- on account of cash deposits in the bank during the demonetization period. Being aggrieved with the assessment order, the assessee filed an appeal before the Ld. CIT(A) who examined the submission of the assessee and has dismissed the appeal by holding as under: “7.4 In Ground