SANJEEV AGRAWAL,C/O AKUL AGARWAL AND ASSOCIATES vs. INCOME TAX OFFICER, WARD 2(3), INCOME TAX OFFICE
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2017-18, arises against the Addl./JCIT(A)-4, Kolkata’s DIN & order No.
ITBA/APL/S/250/2024-25/1067744132(1) dated 19.08.2024, in proceedings u/s 144 of the Income Tax Act, 1961 (in short “the Act”).
Heard both the parties at length. Case file perused.
Coming to the sole substantive issue between the parties regarding correctness of both the learned lower authorities’ action treating the assessee’s cash deposits of Rs.9,00,000/- dated 11.11.2016; as unexplained which stood added in the assessment order herein dated 09.12.2019 and upheld in the lower appellate discussion. A perusal of the case file indicates that the learned assessing authority had initiated section 148 Sanjeev Agrawal
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proceedings thereafter vide notice dated 10.02.2022 for the purpose of examining the assessee’s total cash deposits of Rs.31,52,000/- wherein his explanation stood duly accepted in the assessment order subsequently passed on 29.03.2022. This being the clinching factual position, the tribunal finds no merit in the impugned addition as the very learned authorities itself has accepted the assessee’s explanation in the foregoing terms.
Deleted accordingly.
This assessee’s appeal is allowed in above terms. Order Pronounced in the Open Court on 19/08/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 19/08/2025
*Subodh Kumar, Sr. PS*