SURYANARAYANA GANDLA,ANANTAPUR vs. ACIT., CIRCLE - 1, ANANTAPUR.
In the result, the appeal filed by the assessee is allowed
ITA 1122/HYD/2025[2017-18]Status: DisposedITAT Hyderabad31 Oct 2025AY 2017-18
Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1122/Hyd/2025 (िनधा"रण वष"/Assessment Year:2017-18) Shri Suryanarayana Gandla, Asst. Commissioner Of Income Vs. Tax, Circle-1, Anantapur. Anantapur. Pan: Abipg4005A (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.A. Sai Prasaad, C.A. राज" व "ारा/Revenue By: Dr. Sachin Kumar, Sr-Dr सुनवाई की तारीख/Date Of Hearing: 15/10/2025 घोषणा की तारीख/Pronouncement: 31/10/2025 आदेश/Order Per Madhusudan Sawdia, A.M. :
For Appellant: Shri K.A. Sai Prasaad, C.AFor Respondent: Dr. Sachin Kumar, SR-DR
Section 143(2)Section 143(3)Section 40A(3)Section 68
section 68
of the Act. In this regard, the Ld. Authorised Representative (“Ld.
AR”) submitted that although the assessee had deposited a total cash of Rs.96,26,300/- in his bank accounts during the demonetisation period, the entire cash was not in Specified Bank
Notes (“SBNs”). Out of the total, Rs.42,49,500/- represented
SBNs, while Rs.53