Held that there was proper and satisfactory explanation from the assessee in respect of the cash deposits. The burden is on the revenue to prove otherwise. Addition was deleted. (AY. 2014-15 to 2018-19)
Ashite Kumar Singh v. ACIT (2021) 89 ITR 5 (SN) (Delhi)(Trib.)
S. 69A : Unexplained money-Salary income-Cash in hand was deposited in bank-Addition cannot be made as unexplained money. [S. 153A]