DHARAM SINGH,GURUGRAM vs. ITO, WARD 1(4) GURGAON, GURUGRAM
Before: SHRI SATBEER SINGH GODARAAssessment Year: 2017-18 Sh. Dharam Singh, C/o- YSR & Associates, Plot No. 214, Basement, Sector-47, Gurugram Vs. Income Tax Officer, Ward-1(4), Gurgaon PAN :AABPY9857A (Appellant)
This assessee’s appeal for assessment year 2017-18, arises against the Commissioner of Income Tax (Appeals)/National
Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2024-25/1071627063(1), dated
27.12.2024 involving proceedings under section 144 r.w.s. 263 of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).
2. Heard both the parties. Case file perused.
3. It emerges at the outset that both the learned lower authorities have assessed the assessee for having made alleged
Assessee by Sh. M.R. Sahu, CA
Department by Sh. Yogeshwar Sharma, Sr. DR
Date of hearing
14.05.2025
Date of pronouncement
14.05.2025
2 | P a g e cash deposits of Rs. 12.56 lakhs in his bank account during demonetization. A perusal of the case records, more particularly, the corresponding bank accounts statement at page 13 onwards, indicates that the cash deposits in question in fact have been made in a bank account in the name of M/s. Dagar Building Material
Atchaiah (1966) 218 ITR 239 (SC) that any taxable income has to be assessed in the right person’s hands only, to quash the impugned addition made by both the learned lower authorities.
Ordered accordingly.
5. This assessee’s appeal is allowed.
Order pronounced in the open court on 14th May, 2025 (SATBEER SINGH GODARA)
JUDICIAL MEMBER
Dated: 14th May, 2025. RK/-