Dismissing the appeal of the assessee the Tribunal held that as the amount deposited in the bank was not properly explained the addition is held to be justified. As regards the addition on account of salary the addition was deleted as the revenue has not made any enquiry with the employer. (AY. 2009-10 to 2011-12)
Arpit Goel v. ITO (2021) 190 ITD 42 (Delhi)(Trib.)
S. 69A : Unexplained money-Cash credits-Amounts deposited in the bank-Cash withdrawal and redeposit-Sale of computer parts-Explanation was not satisfactory-Addition was held to be justified-Addition on account of salary was held to be not justified. [S. 68]