Section 69A of Income tax Act, 1961— Undisclosed cash balance— In the instant case, consequent to search, the case of assessee selected for scrutiny and the assessment has been completed by making additions towards undisclosed cash balance in HSBC bank account.

Department submitted that CIT(A) was erred in deleting additions made by the AO towards undisclosed cash balance in HSBC Bank account.

Held that— we are of the considered view that the AO was erred in making additions towards balance in HSBC bank account, Geneva in the name of White Cedar Investments Ltd. and Ruby Enterprises Inc., in the hands of the assesee u/s 69A of the I.T.Act, 1961.
Hence, we are inclined to uphold order of the Ld.CIT(A) and deleted additions made by the AO towards balance in HSBC Bank.[DCIT, CENTRAL CIRCLE-1 (1) , MUMBAI VERSUS ARUN KUMAR R. MEHTA][2019] 17 ITCD Online (1) [ITAT MUMBAI]