ANSHUL SINGH,KOLKATA vs. ITO, WARD 49(1), , KOLKATA
In the result, appeal of the assessee is allowed
ITA 935/KOL/2025[2017-2018]Status: DisposedITAT Kolkata03 Jul 2025AY 2017-2018
Bench: Shri George Mathanआयकर अपील सं/Ita No.935/Kol/2025 (नििाारण वर्ा / Assessment Year :2017-2018) Anshul Singh Vs Ito, Wd 49(1), Kolkata C/O S.N. Ghosh & Associates, Ds-4, Uttarapan Complex, Advocates, 2, Garstin Place, 2Nd Ultadanga, Maniktala Civic Centre, Floor, Suite No.203, Off Hare Street, Kolkata-700054, West Bengal Kolkata-700001, West Bengal Pan No. :Csrps9550G (अपीलार्थी /Appellant) (प्रत्यर्थी / Respondent) .. नििााररती की ओर से /Assessee By : Shri Somnath Ghosh, Ar : Shri S.B. Chakraborthy, Addl. Cit-Sr.Dr राजस्व की ओर से /Revenue By सुनवाई की तारीख / Date Of Hearing : 03/07/2025 घोषणा की तारीख/Date Of Pronouncement : 03/07/2025 आदेश / O R D E R This Is An Appeal Filed By The Assessee Against The Order Of The Ld Cit(A), National Faceless Appeal Centre (Nfac), Delhi, Dated 12.02.2025, Passed For The Assessment Year 2017-18. 2. Shri Somnath Ghosh, Ld. Ar Appeared On Behalf Of The Assessee & Shri S.B.Chakraborthy, Ld.Sr. Dr Appeared On Behalf Of The Revenue. 3. Ld.Ar Drew My Attention To The Reasons Recorded For Reopening Which Is Mentioned In Para 2 Of The Assessment Order, Reads As Follows :- “2. As Per The Information Available That- Credible Information Was Received From The Office Of Ddit(Inv.), Unit-2(1), Kolkata That The Assessee Has Deposited Cash Of Rs.7,46,000/- During Demonetization On Ohd Notes. From The Details Available It Was Found That The Assessee Has Deposited The Said Cash During Demonetization In The Bank Account Maintained By Him With Corporation Bank, Baguiati Branch. The Same Details Is Also Available In Its Details Of The 2 Assessee. However, The Source Of Such Huge Cash In Ohd Notes Is Not Ascertained As Per Financials Of The Assessee.”
For Appellant: Shri Somnath Ghosh, AR
Section 147Section 148
demonetization in the bank account maintained by him with Corporation Bank, Baguiati branch. The same details is also available in ITS details of the
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assessee. However, the source of such huge cash in OHD notes is not ascertained as per financials of the assessee.”
4. It was the submission that no further verification has been done by the Assessing
