PRITAM SINGH,JAGRAON vs. INCOME TAX OFFICER, WARD-1, JAGRAON, JAGRAON
1
IN THE INCOME TAX APPELLATE TRIBUNAL
“B” BENCH, CHANDIGARH
BEFORE HON’BLE SHRI LALIET KUMAR, JM
AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
आयकरअपील सं. / ITA No.1223/CHANDI/2023
(िनधाŊरणवषŊ / Assessment Year: 2017-18)
Shri Pritam Singh
Gidderwindi Jagraon
Ludhiana 142026. बनाम/ Vs.
ITO
Ward No-1
Jagraon-142026
̾थायीलेखासं./जीआइआरसं./PAN/GIR No. CTWPS-2312-A (अपीलाथŎ/Appellant)
:
(ŮȑथŎ / Respondent)
अपीलाथŎकीओरसे/ Appellant by : Sh Ashwani Kumar (CA) – Ld. AR
ŮȑथŎकीओरसे/Respondent by :
Dr Ranjeet Kaur (Addl. CIT) – Ld. Sr. DR
सुनवाईकीतारीख/Date of Hearing
:
19-05-2025
घोषणाकीतारीख /Date of Pronouncement
:
20-05-2025
आदेश / O R D E R
Manoj Kumar Aggarwal (Accountant Member)
Aforesaid appeal by assessee for Assessment Year (AY) 2017-18 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 30-10-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 23-12-2019. The sole grievance of the assessee is confirmation of addition of cash deposit for Rs.17.15 Lacs. The Ld. CIT(A), vide para 7.2 of the impugned order, after verifying the bank statement of the assessee, accepted the fact that the source of cash deposits was earlier withdrawal and 2
agricultural income. But the addition has been confirmed merely on the ground that the assessee failed to fully explain the reasons for keeping such huge amount in cash over a long period of time. Considering the fact that the assessee was a senior citizen, Ld. CIT(A) granted allowance of Rs.10 Lacs and confirmed the remaining addition against which the assessee is in further appeal before us.
2. This is a clinching fact that sources of cash deposits have been accepted to be early withdrawals and agricultural income as earned by the assessee. The addition has been confirmed on wrong premise that the assessee failed to fully explain the reasons for keeping such huge amount in cash over a long period of time. We find that the assessee is a senior citizen. The law does not prohibit such possession / retention by the assessee. Therefore, there is no justification to partly confirm the addition. Accordingly, the addition as confirmed in the impugned order stand deleted. The Ld. AO is directed to re-compute the income of the assessee.
3. The appeal stand allowed.
Order pronounced on 20-05-2025. (LALIET KUMAR) (MANOJ KUMAR AGGARWAL)
JUDICIAL MEMBER लेखा सद˟ /ACCOUNTANT MEMBER
Dated: 20-05-2025. आदेश की Ůितिलिप अŤेिषत / Copy of the Order forwarded to :
1. अपीलाथŎ/Appellant
2. ŮȑथŎ/Respondent
आयकरआयुƅ/CIT 4. िवभागीयŮितिनिध/DR 5. गाडŊफाईल/GF