आदेश/Order

PER VIKRAM SINGH YADAV, A.M. :

This is an appeal filed by the Assessee against the order of the Ld. CIT(A)/ NFAC, Delhi dt. 16/02/2024 pertaining to Assessment Year 2017-18.

2. In the present appeal, the Assessee has raised the following grounds of appeal:

“1. That the Ld. Commissioner of Income Tax (Appeals) has erred in upholding the addition of Rs.13,87,000/- made on account of alleged unexplained cash deposit of Specified Bank Notes in the bank account treating the same to be unexplained money of the assessee applying the provisions of Section 69A of the Act which is arbitrary and unjustified.

2. That the provisions of Section 69A are not attracted in as much as the entire business receipts including cash deposit of Rs. 13,87,000/- already stands declared in books on which taxes as applicable have been paid and as such treating Rs. 13,87,000/- to be unexplained