NIHIR SURESHCHANDRA SHAH,SABARKANTHA vs. THE ITO, WARD-1 PREVIOUSLY SK WARD-2, HIMATNAGAR
Income Tax Appellate Tribunal, “SMC” BENCH, AHMEDABAD
Before: DR. B.R.R. KUMAR, VICE-SHRI SIDDHARTHA NAUTIYALNihir Sureshchandra Shah, 4, Shantinath Society, Railway Station Road, Pratij, Sabarkantha, Gujarat-383001
PER DR. B.R.R. KUMAR, VICE-PRESIDENT:-
This appeal is filed by the Assessee against the order dated
11.03.2025 passed by the Ld. Commissioner of Income-Tax (Appeals),
National Faceless Appeal Centre (NFAC), Delhi (“the CIT(A) in short), under Section 250 of the Income-tax Act, 1961 (“the Act”), relating to the Assessment Year 2016-17. 2. The only grievance raised by the assessee in the appeal is against the addition made by the authorities u/s 68 of the Act.
The assessee has not filed his return of income for the year under consideration. As per the information available with the Department, the assessee had cash deposits of Rs.17.21 lakhs in his bank account Asst. Year : 2012-13 - 2– maintained with HDFC Bank Ltd. account No. 4051530012945 which have been brought to tax u/s 68 of the Act by the Revenue Authorities. Before us, the assessee has given details of cash deposits and withdrawals. Since these details have not been submitted to Revenue Authorities hitherto, we remand the matter to the Assessing Officer to examine the deposits and withdrawals before extending any benefit to the cash deposits.
In the result, appeal of the assessee is allowed for statistical purposes.
The order is pronounced in the open Court on 25.08.2025 (SIDDHARTHA NAUTIYAL)
VICE-PRESIDENT
Ahmedabad; Dated 25.08.2025
आदेश की ितिलिप अेिषत/Copy of the Order forwarded to :
अपीलाथ / The Appellant 2. थ / The Respondent. 3. संबंिधतआयकरआयु / Concerned CIT 4. आयकरआयु(अपील) / The CIT(A)- 5. िवभागीयितिनिध, आयकरअपीलीयअिधकरण, अहमदाबाद/ DR, ITAT, Ahmedabad 6. गाड फाईल/ Guard file.
आदेशानुसार/ BY ORDER,सहायक पंजीकार (Dy./Asstt.