ITAT deletes addition for duly explained Cash Deposits during demonetisation

Usha Narayan Chaware Vs ITO (ITAT Pune) This appeal by the assessee arises out of the order dated 15-12-2021 passed by the CIT(A) in National Faceless Appeal Centre, Delhi in relation to the assessment year 2017-18. 2. The appeal is time barred by 94 days. The assesee has filed a condonaton petition explaining the reasons. I am satisfied with the reasons so stated. The delay is, therefore, condoned and the appeal is admitted for disposal on merits. 3. The only issue raised in this appeal is against the confirmation of addition of Rs.17.00 lakh made by the Assessing Officer (AO) towards cash de...