A.SRINIVASA RAO,,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-1(4), , VISAKHAPATNAM
In the result appeal of the assessee is allowed
ITA 518/VIZ/2018[2009-10]Status: DisposedITAT Visakhapatnam23 Sept 2021AY 2009-10
Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकर अपील सं./I.T.A.No.518/Viz/2018 (निर्धारण वर्ा/Assessment Year:2009-10) Sri A.Srinivasa Rao Vs. Income Tax Officer D.No.48-13-20/1, F.No.Sf2 Ward-1(4) Sri Krishna Sai Residency Visakhapatnam Janaki Rama Street Visakhapatnam [Pan :Adhpa2185Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Shri B.Rama Krishna, DR
Section 143(3)Section 68
1. The Assessing Officer committed error in invoking the provisions of section 68 of the I.T.Act while making the addition pertaining to alleged unexplained cash deposits in bank account in as much as sec.68 has limited scope and applies to cases relating to unexplained cash credits recorded in the books of accounts.
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ITA No.518/Viz/2018, A.Y.2009-10
A.Srinivasa Rao, Visakhapatnam
