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BHUPEN BHARALI,GUWAHATI vs. DCIT/ACIT, CIR-3, GUWAHATI, GUWAHATI

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ITA 344/GTY/2025[2017-18]Status: DisposedITAT Guwahati13 March 20263 pages

Before: SHRIDUVVURU RL REDDY, VP & SHRI RAJESH KUMAR, AM Bhupen Bharali 25, MA Urbba Bibah Bhawan, Lakhara Road, Lal Ganesh, Guwahati-781034, Assam Vs. DCIT/ACIT, Cir-3, Guwahati Aaykar Bhavan, Christian Basti, G.S. Road, Guwahati-781005, Assam (Appellant) (Respondent) PAN No. AGPPB0303A

For Appellant: Shri Uttam Kumar Borthakur, AR
For Respondent: Shri Dipak Singh, DR
Hearing: 10.03.2026Pronounced: 13.03.2026

PER BENCH:

This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the “Ld. CIT(A)”] dated 29.09.2025 for the AY 2017-18. 2. The only issue raised by the assessee is against the confirmation of addition of ₹23,00,000/- by the ld. CIT (A) as made by the ld. AO in respect of cash deposit by the assessee into the bank account, which was added by the ld. AO u/s 68 of the Act.
3. At the outset, the ld. Counsel for the assessee took us through the page no.124 of the Paper Book, which is extracted below:-
Bhupen Bharali; A.Y. 2017-18

4.

The ld. Counsel for the assessee submitted that the deposit of cash into the bank account was out of withdrawal made by the assessee prior to that and hence, the source of cash deposited into the bank is fully explained. 5. The ld. DR on the other hand heavily relied on the orders of the ld. lower authorities. Bhupen Bharali; A.Y. 2017-18

6.

After hearing the rival contentions and perusing the materials available on record and also taking into account the details of withdrawals and deposits into the bank account by the assessee, we are of the view that the same needs to be examined at the level of the ld. Assessing Officer. Accordingly, we restore the same to the file of the AO with a direction to examine the same and decide the issue denovo after examining the evidences filed by the assessee. 7. In the result, the appeal of the assessee is allowed for statistical purposes. Order pronounced on 13.03.2026. (RAJESH KUMAR) (DUVVURU RL REDDY) (ACCOUNTANT MEMBER) (VICE PRESIDENT)

Guwahati, Dated: 13.03.2026
Sudip Sarkar, Sr.PS

Copy of the Order forwarded to:

BY ORDER,//

Sr. Private Secretary/ Asst.