Ajay Kumar vs Income Tax Officer

Parties Involved

Facts Summary

The assessee’s appeal for Assessment Year 2012-13 arises against the CIT(A)/NFAC, Delhi’s DIN & order No. ITBA/NFAC/S/250/2025-26/1080135440(1) dated 28.08.2025, in proceedings u/s 144 of the Income Tax Act, 1961. Both the learned lower authorities have treated the assessee’s cash deposits in the relevant previous year amounting to Rs.26,11,500/- as unexplained. The assessee filed his cash flow statement pertaining to the relevant previous year between 01.04.2011 to 02.03.2012 revealing cash in hand of Rs.2,30,000/- as well as cash withdrawals amounting to Rs.13,63,000/-.…

Legal Issues

• 1. Unexplained cash deposits of Rs.26,11,500/-

Judgment Outcome

Decided in favour of Assessee.

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