Addition for unexplained cash deposit by CIT(A) justified -ITAT Delhi

Shri Praveen Garg Vs ITO  (ITAT Delhi)

There is no dispute with regard to the legal proposition that the First Appellate Authority cannot consider new source of income. However, in the present case the A.O. reopened the assessment because it was found that there were cash deposits in several Bank accounts of the assessee which do not match with the returned income shown by the assessee. The A.O, therefore, reopened the assessment on having reason to believe that income chargeable to tax on account of unexplained cash deposits in the Ba

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