MOHD. NAUSHAD ANSARI (PROP. GULSAN SEV FOODS),AHMEDABAD vs. THE ITO, WARD-5(3)(3), AHMEDABAD
In the result, the appeal filed by the assessee is allowed
ITA 620/AHD/2025[2017-18]Status: DisposedITAT Ahmedabad30 Jul 2025AY 2017-18
Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokarasstt.Year : 2017-18 Mohd Naushad Ansari The Ito, Ward-5(3)(3) Prop: Gulsan Sev Foods Vs. Anandnagar Road 51, Pujara Ni Chali Ahmedabad. Nr.Sarangpur Bridge Kamdar Medan – Gomtipur Ahmedabad 380 021 Pan: Aiwpa 6480 G (Applicant) (Responent) : Shri M.K. Patel, Ar Assessee By : Shri Amit Pratap Singh, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/07/2025 घोषणा क" तारीख /Date Of Pronouncement: 30/07/2025 आदेश आदेश/O R D E R आदेश आदेश Per Makarand V.Mahadeokar, Am: This Appeal By The Assessee Is Directed Against The Order Dated 29.01.2025 Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As “Cit(A)”], Under Section 250 Of The Income-Tax Act, 1961 [Hereinafter Referred To As “The Act”], Confirming The Addition Of Rs.28,54,000/- Made By The Assessing Officer Under Section 68 Of The Act In Respect Of Cash Deposits Made In The Bank Accounts Of The Assessee During The Demonetisation Period. The Assessment Was Completed Under Section 143(3) Of The Act By The Income Tax Officer, Ward 5(3)(3), Ahmedabad [Hereinafter Referred To As “Assessing Officer Or Ao”], Vide Order Dated 29.12.2019. 2. Facts Of The Case 2
For Appellant: Shri Amit Pratap Singh, Sr.DR
Section 115BSection 142(1)Section 143(2)Section 143(3)Section 145(3)Section 250Section 271ASection 68
68 of the Act and made an addition of Rs.28,54,000/- treating it as unexplained cash credit. The said amount was taxed under section 115BBE of the Act, and penalty proceedings under section 271AAC(1) were separately initiated.
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Aggrieved by the above addition, the assessee preferred an appeal before the CIT(A), NFAC. During
