Part rejection of cash books without assigning any reason not justified: ITAT Ahmedabad

Jivarajbhai Ramabhai Chaudhary Patel Vas Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that addition towards unexplained cash deposits not justified as CIT(A) has partly accepted the cash book and partly rejected the cash book without assigning any reason. Accordingly, appeal allowed. Facts- The issue arising in the present appeal relates to addition made to the income of the assessee on account of cash found deposited in his bank account to the tune of Rs.14,98,000/- during demonetization period remaining unexplained. None appeared during assessment proceedings therefore the Assessing Officer, ...