ORDER

आदेश/PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER:

This appeal filed by the assessee is directed against the order passed by the learned Commissioner of Income Tax (Appeals), Addl/JCIT(A)-1, Pune, dated 04.10.2024 and pertains to assessment year 2017-18.

2. The assessee has raised the following grounds of appeal:

“1) The impugned Order is bad, erroneous and unsustainable in law.

2) The Learned First Appellate Authority and the Assessing Officer erred in not considering the explanation furnished by the Appellant properly.

3) Without prejudice, the Learned First Appellate Authority and the Assessing Officer erred in not considering and appreciating that the Appellant had sufficient cash in hand forming the source for cash deposits during demonetization period, when details of income levels of the previous years were furnished.

4) Without prejudice, the Learned First Appellate Authority and the Assessing Officer erred in rejecting the plea of sufficiency of cash in hand out of past years savings solely on the ground that the return of income filed for those years did not reflect it, when, admittedly, the return forms filed did not have columns for showing closing cash balance, thereby preju