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2020 (8) TMI 673 - AT - Income TaxAddition u/s 69 - Unexplained gifts - assessee submitted that amounts deposited in cash in her bank account represented gift from her husband - CIT-A held that A.O has simply rejected the valid explanation of the assessee without advancing any cogent reasons accordingly, he deleted an addition - HELD THAT:- In view of the quantum addition deleted by the CIT(A), we are of the considered view that this appeal of the revenue is covered by the CBDT Circular No.17/2019 dated 8th August, 2019, and is not maintainable and should be dismissed due to low tax effect. Appeal of the revenue is dismissed.
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