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7. That the Income Tax Officer did not grant the relief of life insurance premium paid for Rs.25,878/ - for which the petitioner is eligible for deduction.
That the Petitioner craves leave of the Hon'ble Tribunal to permit the Petitioner to add, alter or amend the grounds of appeal during pendency of the same."

2. Briefly, the facts of the case are that the assessee filed his return of income on 09/06/2008 declaring total income of Rs. 86,954/-u/s 44AF, which was processed u/s 143(1) of the Act on 06/06/2009. Subsequently, the case was selected for scrutiny under CASS and accordingly, statutory :- 4 -: ITA No. 812/Hyd/2016 Khoday Goverdhan, Hyderabad notices were issued to the assessee. The AO completed the assessment u/s 143(3) of the Act determining the total income at Rs. 15,18,530/- by making following additions:

6. As regards ground No. 4 regarding the addition of Rs. 10,12,500/- on account of bank deposits, during the course of assessment proceedings, the Assessing Officer asked the assessee filed details of bank accounts held by the assessee. Though the assessee furnished details of accounts with Sri. A.P. Mahesh co-operative bank and HDFC bank, he did not mention anything about the account maintained with the Andhra Bank, Chandanagar branch. However, subsequently the assessee filed the copy of the bank account with Andhra :- 5 -: ITA No. 812/Hyd/2016 Khoday Goverdhan, Hyderabad Bank, Chandanagar and he tried to explain the sources for deposits in that account as the sale proceeds of the business and also withdrawals from HDFC bank. It was claimed that the sale proceeds were Rs. 15,16,414/- and the cash deposits during the relevant period comes to Rs. 10,12,500/-. The Assessing Officer also noticed that in the first incidence the assessee has claimed that he has not maintained any books of account and estimated the income u/s. 44AF of the I. T. Act, 1961. Observing that in the absence of the details of credits in Andhra Bank, Chandanagar Branch and in the absence of proper explanation as to the source of credits, the AO treated the entire amount of deposits of cash of Rs. 10,12,5 00/- as unexplained credits and added back to the total income.

6.1 The CIT(A), upheld the addition made by the AO by holding that even before the appellate proceedings, no bills etc. were filed to support the assessee's claim.

6.2 Before us, the ld. AR of the assessee submitted that the assessee disclosed income from retail readymade dresses business u/s 44AF @ 5% of turnover of Rs. 17,39,080/- i.e. Rs. 86,954/- and the rental income of Rs. 84,388/- and total income declared was Rs. 1,46,026/ -. He, therefore, contended that the bank deposits cannot be added as income as the said deposits are from out of the retail sales, from past savings and realization from :- 6 -: ITA No. 812/Hyd/2016 Khoday Goverdhan, Hyderabad receviables and the opening capital & cash balances brought forward from the earlier years.

6.3 The ld. DR, on the other hand, besides relying on the orders of revenue authorities, submitted that the assessee failed to explain the bank deposits properly before the AO and CIT(A) and failed to produce any documentary evidence in support of his claim before them.

6.4 We have considered the rival submissions and perused the material on record as well as gone through the orders of revenue authorities. It is observed that there is no dispute that the assessee has declared his income u/s 44AF of the Act, which has been accepted by the revenue authorities and turnovers have also been accepted as per section 44AF of the Act. Considering the submissions of the ld. AR of the assessee that the deposits are from out of the retail sales and from out of the opening capital and cash balances brought forward from the earlier years and inter bank deposits, we restrict the addition to 10% i.e. Rs. 1,01,251/- as against the addition of Rs. 10,12,510/- made by the AO on account bank deposits. Thus, this ground of the assessee is partly allowed.