SPACE 4 BUSINESS SOLUTIONS PRIVATE LIMITED,DELHI vs. DCIT, CENTRAL CIRCLE 3, DELHI, DELHI
आयकर अपीलीय अधिकरण
धिल्ली पीठ “एस एम सी”, धिल्ली
श्री धिकास अिस्थी, न्याधयक सिस्य
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “SMC”, DELHI
BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER
आअसं.7156/धिल्ली/2025 (नि.व. 2017-18)
Space 4 Business Solutions P. Ltd.,
3588, Main Bazar Old Subzi Mandi,
New Delhi 110007
PAN: AABCS-5900-P
...... अपीलार्थी/Appellant
बिाम Vs.
Deputy Commissioner of Income Tax,
Circle 3, ARA Centre Jhandewalan Extn.
New Delhi 110017
..... प्रनिवादी/Respondent
अपीलार्थी द्वारा/Appellant by : Shri Nitin Gulati, Advocate
प्रधििािीद्वारा/Respondent by : Shri Manoj Kumar, Sr. DR
सुिवाई की निथर्थ/ Date of hearing
:
16/12/2025
घोषणा की निथर्थ/ Date of pronouncement
: 12/03/2026
आदेश/ORDER
PER VIKAS AWASTHY, JM:
This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) (hereinafter referred to as ‘the Act’) dated 26.09.2025, for AY 2017-18. 2. The assessee in appeal has assailed addition of Rs.35,61,000/- u/s. 69A r.w.s. 115BBE of the Income Tax Act, 1961(hereinafter referred to as ‘the Act’) on account of cash deposit during demonetization period.
3. The case of assessee is that the cash deposits in the bank were out of cash business receipts. The assessee has filed a paper book containing 298 pages, inter alia containing VAT Returns to show that the assessee is carrying out business activity, bank account details, audited financials, etc. However, the assessee has not furnished month wise details of cash receipts and cash deposits in the bank. Further, it is not emanating from records the nature of assessee’s
2
business. Thus, on the basis of documentary evidences filed by the assessee it cannot be made out that the cash deposits in the bank were during normal course of business. Taking into consideration entire facts of the case, I deem it appropriate to restore the issue back to the AO for denovo adjudication, in accordance with law after affording reasonable opportunity of making submissions to the assessee.
4. In the result, impugned order is set aside and appeal of the assessee is allowed for statistical purpose.
Order pronounced in the open court on Thur ay the 12th day of March,
2026. (VIKAS AWASTHY)
न्यानयक सदस्य/JUDICIAL MEMBER
धिल्ली/Delhi, ददिांक/Dated 12/03/2026
NV/-
प्रतिलिपि अग्रेपििCopy of the Order forwarded to :
1. अपीलार्थी/The Appellant ,
2. प्रनिवादी/ The Respondent.
3. The PCIT/CIT(A)
4. ववभागीय प्रनिनिथि, आय.अपी.अथि., दिल्ली /DR, ITAT, धिल्ली
5. गार्ड फाइल/Guard file.
BY ORDER,
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(Asstt.