THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1), , VISAKHAPATNAM vs. DEVI TATIPARTI, , VISAKHAPATNAM

In the result appeal of the revenue as well as the cross objections of the assessee are dismissed

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकर अपील सं./I.T.A.No.41/Viz/2021 (निर्धारण वर्ा/Assessment Year:2017-18) Dy.Commissioner Of Income Tax Vs. Smt.Devi Tatiparti Circle-3(1) D.No.10-27-7/19 Visakhapatnam Sri Satya Sai Enclave Waltair Uplands Visakhapatnam [Pan : Acipt9989K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Cross Objection No.37/Viz/2021 (Arising Out Of I.T.A. No.41/Viz/2021 Smt.Devi Tatiparti Vs. Dy.Commissioner Of Income Tax D.No.10-27-7/19 Circle-3(1) Sri Satya Sai Enclave Visakhapatnam Waltair Uplands, Visakhapatnam [Pan : Acipt9989K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri V.Srinivasa Rao, Ar प्रत्यधथी की ओर से / Respondent By : Shri G.V.N.Hari, Dr सुिवधई की तधरीख / Date Of Hearing : 09.09.2021 घोर्णध की तधरीख/Date Of Pronouncement : 24.09.2021 आदेश /O R D E R Per Bench: This Appeal Is Filed By The Revenue Against The Order Of The Commissioner Of Income Tax (Appeals) [Cit(A)]-1, Visakhapatnam In Ita

demonetization period in specified bank notes. During the assessment proceedings, the Assessing Officer (AO) found that the assessee has made cash deposits of Rs.42,00,000/- in South Indiann Bank. The assessee was asked to explain the source, but the assessee has not offered any explanation regarding the source of such money. Therefore, the AO made addition