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2023 (3) TMI 1101 - AT - Income TaxAssessment u/s 147 - cash deposits unexplained - addition on account of undisclosed sources - HELD THAT:- If an opportunity is given to the assessee to substantiate the source of cash deposits and also to produce the copy of the agreement of sale relied by the assessee and if the CIT(A) considers the same and passes the order afresh, the substantial justice would be rendered. Irgo, we partly allow the grounds of appeal for statistical purpose by remanding the matter to the file of the CIT(A) with a direction to the assessee to substantiate the source of the cash deposits and also to prove the agreement to sale relied by the assessee and further we direct the CIT(A) to consider the same and pass appropriate order in accordance with law. Appeal filed by the assessee is partly allowed for statistical purpose.
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