Neel Kant Chaudhary, assessee has been allowed for the appeal following which the order of the authority has been set aside

Last updated: 13 January 2021

Court :
ITAT New Delhi

Brief :
This appeal by assessee has been directed against the order of Ld. CIT(Appeals), Muzaffarnagar dated 14.11.2017 for AY 2012-13, challenging the reopening of the assessment u/s148 of the IT Act and addition of Rs. 18,78,400/- u/s 69A ofthe IT Act.

Citation :
ITA.No.1135/Del./2018

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCHES “SMC”: DELHI

BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
ITA.No.1135/Del./2018
Assessment Year 2012-13

Neel Kant Chaudhary
C/o Chaudhary Nursing
Home, Shahpur,
Tehsil Budhana,
Distt. Muzaffarnagar,
Muzaffarnagar.
PAN No. AFSPC4835L
(Appellant)

vs.

ITO
Ward 2(5)
Khatauli.
(Respondent)

For Assessee : Shri Gaurav Bansal, CA
For Revenue : Shri Prakash Dubey, Sr. DR

Date of Hearing : 04.01.2021
Date of Pronouncement : 08.01.2021

ORDER

This appeal by assessee has been directed against the order of Ld. CIT(Appeals), Muzaffarnagar dated 14.11.2017 for AY 2012-13, challenging the reopening of the assessment u/s148 of the IT Act and addition of Rs. 18,78,400/- u/s 69A ofthe IT Act.

2. I have heard Ld. Representatives of both the partiesthrough Video Conferencing and perused the material on record.

3. Briefly the facts of the case are that as per AIR Information, during the year under consideration, assesseehad deposited cash amounting to Rs. 17,69,000/- in hissaving bank account with ING Vysya Bank at Muzaffarnagar.The AO in order to verify the transaction issued a letter butassessee failed to explain the source of the cash deposits inthe bank account. Assessee had filed return of income on 30.03.2014 at Rs. 1,79,300/- along with agriculture income at Rs. 2,60,000/-. The AO issued notice u/s 148 of the Act on 29.02.2016 which was served upon the assessee.

To know more in details find the attachment file