KAILASH NATH GUPTA,LAKHIMPUR KHERI vs INCOME TAX OFFICER, WARD 3(4), LAKHIMPUR KHERI

Income Tax Appellate Tribunal, LUCKNOW BENCH “SMC”, LUCKNOW

Before: SHRI T.S. KAPOOR

For Appellant: Shri Shubham Rastogi, CA

For Respondent: Shri Harish Gidwani, DR

Hearing: 27/07/2022Pronounced: 10/08/2022

O R D E R PER T.S. KAPOOR, A.M.

This is an appeal filed by the assessee against the order of ld. CIT(A) dated 29/10/2021. In this appeal, the assessee has taken the following grounds:

“1. The humble appellant had well explained the availability of Fund (old SBN's) with supporting Cash Flow Fund statement which had not been disputed by the Courts below.

The Government had allowed the time to deposit in old Currency in Bank upto December, 2016 and the appellant had deposited the same within the time allowed as per chart given below para 2 of the order of the learned Assessing Officer.

That the main objection of the learned Assessing Officer was as to why the entire deposits were not made on a Assessment year: 2017-18 2 single day whereas there was no such binding of the appellant.

That the learned C.I.T. (Appeals) too confirmed the addition without properly considering the facts in a judicious way which is quite illegal.”

KAILASH NATH GUPTA,LAKHIMPUR KHERI vs. INCOME TAX OFFICER, WARD 3(4), LAKHIMPUR KHERI