SANTOSH KUMAR GUPTA,LUCKNOW vs. THE ASSESSMENT UNIT, NFAC, DELHI/ITO-1(4), LUCKNOW
In the result, the appeal of the assessee stands allowed for statistical purposes
ITA 498/LKW/2025[2017-18]Status: DisposedITAT Lucknow31 Dec 2025AY 2017-18
Bench: Shri. Sudhanshu Srivastavaassessment Year: 2017-18 Santosh Kumar Gupta V. The Assessment Unit (Nfac) 624 61, Chinhat Ito 1(4), Lucknow Faizabad Road Lucknow (U.P) Tan/Pan:Ahspg3013E (Applicant) (Respondent) Applicant By: Shri Mahendra Kumar, Fca Respondent By: Shri R.R.N. Shukla, D.R. O R D E R This Appeal Has Been Preferred By The Assessee Against The Order Dated 29.05.2024, Passed By The National Faceless Appeal Centre, Delhi (Nfac) For Assessment Year 2017-18. 2.0 The Brief Facts Of The Case Are That The Assessee Was Carrying On The Business Of Mobiles, Electrical & Electronic Goods. The Assessee Had Not Filed The Return Of Income For The Year Under Consideration. The Income Tax Department Was In Possession Of Information That The Assessee Had Made Cash Deposits Of Rs.15,60,000/- During The Demonetization Period (From 09.11.2016 To 31.12.2016) In His Four Different Bank Accounts Bearing A/C Nos.20050580560 & 31121736248, Maintained With State Bank Of India, Chinhat Branch, Lucknow, A/C No.1840210572, Maintained With Central Bank Of India
For Respondent: Shri R.R.N. Shukla, D.R
Section 115BSection 133(6)Section 144Section 44ASection 69A
271F and 270A of the Act, separately.
2.3
Aggrieved, the Assessee preferred an appeal before the NFAC, which dismissed the appeal of the assessee and confirmed the order of the AO.
2.4
Now, the assessee has approached this Tribunal challenging the orders of the AO as well as the NFAC, by raising the following grounds of appeal:
1. Because
