RAFEEK,KERALA vs. THE INCOME TAX OFFICER, WARD-3, ALAPPUZHA
In the result, the appeal filed by the assesee is allowed for statistical purposes and the Stay Application is dismissed
ITA 861/COCH/2022[2017-18]Status: DisposedITAT Cochin08 Mar 2023AY 2017-18
Bench: Shri George George K. & Ms. Padmavathy S. & Sa.No.58/Coch/2022 (Arising Out Of Ita No.861/Coch/2022) (Assessment Year: 2017-18) Rafeek Vs Ito, Ward-3 Kochukaleeckal A.N.Puram Krishnapuram Alappuzha Kappilmekku Kerala-688 011 Alappuzha-690 533 Pan – Akjpr2342F (Appellant) (Respondent) Assessee By: Sri Suresh Varma, Ca Revenue By: Smt. J.M. Jamuna Devi, Sr. Ar Date Of Hearing: 02.03.2023 Date Of Pronouncement: 08 .03.2023 O R D E R Per: George George K., J.M. This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Cit(A)/Nfac, Delhi Dated 13.09.2021. The Relevant Assessment Year Is 2017-18. The Assessee Also Filed A Stay Application Seeking To Stay The Recovery Of Outstanding Tax Arrears.
For Appellant: Sri Suresh Varma, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. AR
Section 115BSection 143(3)Section 250Section 44ASection 68Section 69
unexplained investment within the purview of sec. 69 and it is taxed u/s. 115BBE of the Income tax Act, 1961. Addition:
Rs.23,48,500/-
3. Further to the above, the assessee had credited a sum of Rs.4,65,306 to the capital during the year under consideration. The credits were examined and found that the assessee had made cash deposits