Cash Credit Addition Deletion by CIT(A) without Verification is Unjustified

ITO Vs Ashok Kumar Gupta (ITAT Delhi)

ITAT Delhi held that addition of cash credits in various bank accounts deleted by CIT(A) without verifying the persons/firm/Companies from whom the alleged amount has been credited is bad-in-law. Accordingly, matter resorted to the file of AO.

Facts- The assessment proceedings of the assessee were reopened u/s 147/148 of the Act on the basis of information received from DI (INV.) that the bank account of the assessee maintained with Ra

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