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2017 (8) TMI 914 - ITAT DELHIUnexplained cash deposits in bank account - Held that:- All the deposits totaling ₹ 91,89,000/- are fully explained and hence the addition confirmed by the CIT(A) deserve to be deleted. Rectification of mistake - invoking the section 154 - addition on deposits in the bank account with Axis Bank, Gurgaon - Held that:- The impugned issue was thoroughly examined during the remand proceedings and earlier appellate proceedings before the Ld. CIT(A). Therefore, the assessment order to the extent of impugned issue gets merged in the order of the Ld. CIT(A), and hence, the AO was not competent to invoke section 154 of the I.T. Act, 1961. Therefore, the AO’s order passed u/s. 154 of the Act as well as order of the Ld. CIT(A) are hereby cancelled and accordingly, ground no. 1 & 2 stand rejected.
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