ITAT Bangalore Sets Aside Cash Deposit Addition; Admits Crucial Additional Evidence for Fresh AO Review

Anilraddi Karakalli Vs ITO (ITAT Bangalore) Assessee challenged the addition of ₹26,05,353 made u/s 69A , representing alleged unexplained cash deposits. The core issue in the appeal was the admission of additional evidence—documents that were not furnished during assessment or first appeal but were claimed to be critical for just adjudication. Assessee, engaged in contract & wage work, deposited ₹26 lakh in cash but initially failed to file a return. Return was filed later u/s 148, declaring ₹3.61 lakh income u/s 44AD. AO treated the entire deposit as unexplained money u/s 69A due...