BABY KUNWAR JHALA,NEEMUCH vs. DEPUTY COMMISSIONER OF INCOME-TAX, UDAIPUR

ITA 87/JODH/2024Status: DisposedITAT Jodhpur30 October 2025AY 2010-11Bench: SHRI LALIET KUMAR, HON'BLE (Judicial Member), DR. MITHA LAL MEENA, HON'BLE (Accountant Member)1 pages
AI SummaryRemanded

What did the Tribunal hold?

The Tribunal noted that the mode of receipt by cheque is not sufficient to prove the source. The CIT(A) confirmed the AO's finding due to insufficient explanation of the investment source. The AO made the addition on a protective basis, pending the outcome of proceedings before the Settlement Commission.

What were the facts?

The appeals are filed against orders confirming additions made under Section 68 of the Income Tax Act. The assessee claims that the amounts were received through account payee cheques from confirmed sources and advanced to M/s UB Investment. The Assessing Officer (AO) alleged that money was channelized through bogus accommodation entries and unsecured loans.

What were the issues?

Whether the assessee has sufficiently explained the source of the amounts added under Section 68 of the Income Tax Act, and if the additions were justified on a protective basis without proper verification.

Which sections of the Income-tax Act were involved?

Section 68

AI-generated summary — verify with the full judgment below

Heard together (6 matters)

ITA No. 337/Jodh/2024
ITA No. 338/Jodh/2024
ITA No. 351/Jodh/2024
ITA No. 321/Jodh/2024
ITA No. 468/Jodh/2023
ITA No. 87/Jodh/2024

Read from the judgment's own cause title. This page is filed under one of them.

IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH (Virtual) JODHPUR BEFORE SHRI LALIET KUMAR, HON'BLE JUDICIAL MEMBER AND DR. MITHA LAL MEENA, HON'BLE ACCOUNTANT MEMBER ITA No. 338/Jodh/2024 (A.Y. 2012-13)

Village & Post Kelukheda, Tehsil Choti Sadri, Madhya Pradesh - 458441.

Village & Post Kelukheda, Tehsil Choti Sadri, Madhya Pradesh - 458441.

Village & Post Kelukheda, Tehsil Choti Sadri, Madhya Pradesh - 458441. PAN No. AERPN4215M Udaipur. (Assessment Year 2012-13 and 2010-11)

Ram Chandra Anil Kumar Goyak HUF, 60 Geetayan Opp. Girls Neemuch - 458441.

Central Circle-1 Udaipur.

Baby Kunwar Jhala, 318, Scheme No. 36, Neemuch 458441. PAN No. AGSPJ7319M Vs.

Dy.

The order continues below.

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