Entire ₹11 Lakh Cash Deposit Addition Deleted on Full Explanation

Anil Kumar Agarwal Vs DCIT (ITAT Agra) Cash Deposits Fully Explained Through Cash Book & Bank Withdrawals—CIT(A)’s Partial Confirmation Reversed; Entire ₹11 Lakh Addition Deleted The Assessee filed return declaring ₹2,29,550. Based on AIR information showing ₹13 lakh cash deposit in HDFC Bank, AO reopened the assessment u/s 147 and treated the entire ₹13 lakh as unexplained income u/s 68, stating that the Assessee’s replies were vague. CIT(A) examined the sources and accepted only ₹2 lakh as explained (cash received on sale of property to Smt. Gashkin Begum), rejecting expl...