Raghubir Singh v. ITO (2020) 180 ITD 719 (Chd.)(Trib.)

S. 69A : Unexplained money–Bank deposits–Evidence was not considered–Matter remanded. [S. 45]

The assessee deposited in the bank the amount received in cash which represented  difference between amount shown in registered sale deed of property. The AO made addition as unexplained money.  On appeal the Tribunal held that since no effort had been made by revenue authorities to look into position qua buyer, impugned order was to be set aside and, matter was to be remanded back for disposal afresh. (AY. 2007-08)