UMESH PRASAD SINGH,PATNA vs. ACIT, CENTRAL CIRCLE-3, PATNA
No AI summary yet for this case.
Income Tax Appellate Tribunal, “PATNA” BENCH, PATNA
Before: SHRI DUVVURU RL REDDY, VP & SHRI RAJESH KUMAR, AM
Per Rajesh Kumar, AM:
This is an appeal preferred by the assessee against the order of the Commissioner of Income-tax (Appeals), Patna-3 (hereinafter referred to as the “Ld. CIT(A)”] dated 31.08.2022 for the AY 2007-08.
The only issue raised by the assessee in the various grounds of appeal is against the order of learned CIT (A) confirming the addition of ₹45,94,000/- by upholding the order of the learned Assessing Officer, wherein the learned Assessing Officer made an addition of cash found during the course of search by treating the same as unexplained money under Section 69A of the Act.
The facts in brief are that a search action under Section 132 of the Act was conducted on the assessee on 06.10.2006. During the course of
In the appellate proceedings, the learned CIT (A) confirmed the addition by observing and holding as under:-
“I have considered the assessment order passed by the ACIT, Central Circle-3. Patna, the appellate order passed by Ld. CIT(A)-1, Patna, copy of paper book filed before Hon'ble ITAT, Patna and written submission made by the Ld. AR. The only dispute remains to be decided is regarding the addition of Rs. 54,94,000/- on following issues. A. On account of undisclosed cash found from locker no. Rs. 45,94,000/-454, HDFC Bank, Boring Road, Patna
In the result, the appeal of the assessee is dismissed.
Order pronounced in the open court on 23.02.2026.
Sd/- Sd/- (DUVVURU RL REDDY) (RAJESH KUMAR) (VICE PRESIDENT) (ACCOUNTANT MEMBER) Patna, Dated: 23.02.2026 Sudip Sarkar, Sr.PS Copy of the Order forwarded to: 1. The Appellant 2. The Respondent 3. CIT DR, ITAT, 4. 5. Guard file. BY ORDER, True Copy// Sr. Private Secretary/ Asst. Registrar Income Tax Appellate Tribunal, Patna