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2023 (7) TMI 798 - ITAT VISAKHAPATNAMIncome estimation - Case selected under CASS - income estimated @8% of the cash deposits / credits in the bank account - HELD THAT:- Assessee had taken sub contract from Smt.Veera Veni Nainala till the date of execution of sale i.e. 19.04.2016 in favour of the assessee. We also find that the assessee had deposited the amount collected in his bank account for rendering various services viz. electricity bills, telephone bills, water bills and other revenue services, which in turn was transferred by way of RTGS to Govt. of Andhra Pradesh for which he derived commission. Revenue could not controvert the fact that the amount collected and deposited in his bank account was not his income, but it was the amount collected for various services rendered and for depositing into the account of Govt. of Andhra Pradesh. We find force in the argument of the Ld.AR therefore set aside the order passed by the Ld.CIT(A) and allow the appeal of the assessee.
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