Cash Withdrawals Cover Deposits; No Mapping Needed & CIT(A) Cannot Enhance Without Notice

Ashok Kumar Vs ITO (ITAT Delhi)

No Mapping Needed When Cash Withdrawals Cover Deposits; CIT(A) Cannot Enhance Without Notice—Full Relief to Assessee

Assessee challenged additions confirmed by NFAC. AO had made addition of Rs.16,41,000/- u/s 69A treating cash deposits as unexplained by rejecting Assessee’s explanation that the deposits were out of cash withdrawals. Tribunal noted that Assessee placed bank book & bank statement showing total withdrawals of Rs.62,38,000/- during the year out of which Rs.16,41,000/- was redeposited because a proposed property deal failed

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