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2022 (6) TMI 1275 - ITAT MUMBAIAddition u/s 69A - unexplained cash deposits - as submitted deposits made in to the bank out of collections from various members of Co-operative Credit Society - HELD THAT:- We find that before both the AO as well as before the Ld. CIT(A), the explanation of the assessee in respect of cash deposits is not on record due to non-compliance on the part of the assessee. Before us, the Ld. counsel of the assessee has given an undertaking that assessee is willing to submit necessary evidence in support of source of cash deposits and co-operate in appellate proceedings before the Ld. CIT(A). Thus in the interest of substantial justice, we restore this matter back to the file of the Ld. CIT(A) for deciding afresh in accordance with law after providing adequate opportunity of being heard to both the assessee as well as the Assessing Officer. The grounds raised by the assessee are accordingly, allowed for statistical purposes.
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