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2023 (7) TMI 345 - ITAT AHMEDABADUnexplained money u/s 69A - assessee has not given the explanation in respect of the cash withdrawn and cash deposited prior to demonetization as well as during the pre-demonetization period - HELD THAT:- As before AO assessee has filed the cash book of the Yogi Hosiery as well as purchase register, sales register and ledger account with Vijaya Cooperative Bank Ltd. Assessee has also submitted details of cash deposits withdrawn from Vijaya Cooperative Bank Ltd. as well as bank statement of the said bank. Month wise opening cash in hand and cash sales as well as cash deposited in bank and cash withdrawal from bank from May 2015 till October 2015 was summarized and it appears that the assessee was regularly depositing cash in the banks account. Business of the assessee was not disputed by the AO as well as the cash transactions and the sales books as well as purchase books were also not disputed by the AO. Thus, the addition made by AO on account of unexplained money u/s 69A does not sustain as the assessee has explained in entirety all the amounts through various documents. Appeal of assessee allowed.
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