Addition for cash deposit – ITAT directs AO to consider submission of Assessee

Harpreet Singh Grover Vs ITO (ITAT Amritsar)

Introduction: The Harpreet Singh Grover vs. ITO (ITAT Amritsar) case revolves around the addition of a cash deposit of Rs. 47,91,000 in the State Bank of Patiala Goniana to the assessee’s total income under section 69 of the Income Tax Act. The dispute arises from the ld. CIT(A)’s rejection of the cash withdrawal from ICICI Bank and the sale of property as sources of cash. The assessment was conducted under section 144 of the Act, prompting the appella

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