In the result, the appeal of the assessee is allowed
Bench: DR. S. SEETHALAKSHMI (Judicial Member)
68 of I.T. Act. In first appeal, ld. CIT(A) sustained addition of Rs.80,96,000/- and allowed relief of remaining addition of Rs.19,00,000/-. GROUNDS OF APPEAL: GROUND No. (1): Ld. CIT(A), has erred in law and on facts in sustaining addition of Rs.80,96,000/- out of total addition of Rs.99,96,000/- for the deposits