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2023 (6) TMI 762 - ITAT AMRITSARAddition u/s 69A - Unexplained source of cash deposit - HELD THAT:- None of the authority had rejected the assessee’s cash flow statement. The assessee had sufficient cash before the date of deposit of cash in bank. As per the submission of assessee, the sufficient cash balance is reflected on dated 27.12.2016. The opening cash is reflected amount which had sufficient to deposit the cash amount in the bank a/c of the assessee. CIT(A) had not made any proper reason for disallowance of balance amount. The assessee explained properly the source for depositing of cash in bank account. The entire evidence stands in favour of assessee.
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