RAM KUMAR,SUPAUL vs. ITO, 3(5), SAHARSA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

cash has been deposited in PNB during the demonetization period. The department wrongly and arbitrarily quantified the amount of deposits as depicted in the Assessment Order. The provision of section 69A is not applicable in the case of the assessee. The addition of Rs. 17,25,000/- as made / sustained is arbitrary, unjustified, void ab-initio

PRAKASH GUPTA,GOPALGANJ vs. THE INCOME TAX OFFICER, WARD- 2 (4), SIWAN

In the result, the appeal filed by the assessee is partly allowed for statistical purposes