Section 69 addition not justified if Assessee Explains source of Deposits in Bank based on Cash Book

ACIT Vs Dr. Anil Kumar Verma (ITAT Agra) The issue under consideration is whether the addition made u/s 69 by AO due to undisclosed sources of cash deposits in bank account is justified in law? ITAT states that, the Assessing Officer in the remand report had confirmed that the amount deposited in the bank were found duly recorded in the cash book. The Revenue before us during the course of arguments and also in the written submissions have not disputed the correctness of the cashbook. Further, it was also not the case of the Assessing Officer that the cash book maintained by the assessee was i...