Assessee cannot take advantage of accepted accounting for other periods after voluntarily disclosure of receipt of certain amount

Issue before court: Whether ITAT was correct in upholding the order of CIT (A),who deleted addition made u/s 68 as undisclosed income, relying upon the assessment orders of another year and ignored the facts that assessee himself declared receipt of certain amount. Brief facts of the case: The assessee during the relevant AY 2005-06 claimed benefit of Section 44AF of Income Tax Act and filed a return disclosing income of Rs. 2,15,292/-. Subsequently, the assessment was reopened under Section 147 of the Act. AO. The AO considered the source of a separate cash deposit of Rs. 31,29,880/- and fur...