Addition for Cash Deposit of Tuition Fee received during Demonetization – ITAT restores matter to CIT(A)

Riya Sunil Jain Vs ITO (ITAT Mumbai) A.O has come to the conclusion that cash deposited in the bank account of the assessee has no connection with tuition income received by her. Therefore, the AO treated the cash deposited during the demonetization period appearing in the bank account as unexplained money u/s 69A of the Act. Ld. Counsel contended that assesse has earned tuition fees by providing tuition to various students and received cash in consideration of the same. It is also submitted that supporting, account books, relevant vouchers and the documentary evidences were not considered dur...