Addition towards unexplained cash credit deleted as AO failed to conduct independent inquiry

Rajesh Singh A. Rajput Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad deleted the addition towards unexplained cash credit as AO failed to conduct independent inquiry and addition was made merely for the reason that there was minor difference in amount of cash deposited vis-à-vis amount of demand draft and amount of invoice. Facts- The assessee is an individual and deriving income from salary. The assessee in the return filed u/s. 139 of the Act declared income at Rs. 1.76 lakh only which was subsequently selected for scrutiny under CASS. The AO during the assessment proceeding noticed that the savi...