Addition towards unexplained cash credit unjustified as evidences and books of account not rejected

Arun Garg Vs ITO (ITAT Chandigarh) Held that addition u/s. 68 and 69A unsustainable as evidences relating to cash deposited submitted and not doubted by AO and also books of account of the assessee are also not rejected u/s 145(3). Facts- As per the Annual Information Report (AIR), it was observed that the assessee had deposited cash in two bank accounts (both with Union Bank of India) to the tune of Rs. 82,50,000/- between the period 09.11.2016 and 30.12.2016. After considering the submissions of the assessee, the assessment was completed at an income of Rs. 1,05,50,120/- after making additio...