Section 69 of Income Tax Act, 1961—Unexplained investment—The present appeal has been filed by revenue against order passed by CIT on the ground that CIT erred in deleting the addition of unexplained investment.

Held that— It is observed that before the Ld.CIT(A) assessee has aggrieved regarding the double addition. Ld. CIT(A) perused the bank statements filed by assessee and was in agreement with the grievance raised by assessee of there being double addition as the source of sum of the investments were out of withdrawals from the same bank which was already added as unexplained cash under section 68 of the Act.
Assessee explained source of cash deposit, amounting to 68,63,000/-, which has been dealt with by Ld.CIT(A).[INCOME TAX OFFICER, WARD 60 (4) , NEW DELHI VERSUS SMT. SHANAZ] [2018] [7] [ITCD Online] [6] [ITAT DELHI]