NARENDRAMOHAN KRIPASHANKAR SINGH ,MUMBAI vs. NFAC, MUMBAI
Income Tax Appellate Tribunal, Mumbai “B” Bench, Mumbai.
Before: Smt. Beena Pillai(JM) & Shri Omkareshwar Chidara(AM)
Per Omkareshwar Chidara (AM) :-
The appeals were filed by the appellant before the ITAT and in both the cases, the only issue raised in the grounds of appeal relates to cash deposits made in ICICI Bank and other Banks to the extent of Rs.
21,12,74,158/- and Rs. 7,39,33,935/- respectively for A.Ys. 2012-13 and 2013-14. The additions were made by Ld. AO under section 69A of the I.T.
Act and assessments were completed under section 144 of the I.T. Act as the appellant did not submit sources of cash deposited in the bank accounts as mentioned above. Before Ld. CIT(A) also, there was no response, even though several opportunities were given to the appellant and hence the additions made by the Ld. AO are confirmed.
Aggrieved by the order of Ld. CIT(A), appeals were filed before the ITAT stating that the orders of Ld. AO and Ld. CIT(A) are not correct.
At the time of hearing before the ITAT, Ld. AR of the appellant has submitted that the appellant has availed Vivad Se Vishwas Scheme.
Narendramohan Kripashankar Singh
2
Accordingly, a letter alongwith copy of Form No. 1 of DTVSV 2024 filed by the appellant before the Income Tax Department was submitted to the Bench. The Ld. AR of the appellant has requested for adjournment as the DTVSV proceedings are pending before the Department. The request for adjournment was rejected and the papers filed by Ld. AR of the appellant were taken on record and the case was heard. It is decided that the appeals are dismissed as withdrawn with a liberty to revive the appeals for both years, if the DTVSV application is rejected by the Department for any reason.
The appeals of the appellant are dismissed.
Order pronounced in the open Court on 07/05/2025. (BEENA PILLAI)
ACCOUNTANT MEMBER
Mumbai; Dated: 07/05/2025
Copy of the Order forwarded to :
The Appellant 2. The Respondent. 3. CIT 4. DR, ITAT, Mumbai 5. Guard file.
BY ORDER,
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