Amit Rango Ramgopal Vs ITO, Ward-24(1)(1), Mumbai

Parties Involved

Facts Summary

The assessee, Amit Rango Ramgopal, filed an appeal against the assessment order of the ld. CIT(A)/NFAC, Delhi dated 31.07.2025 for Assessment Year 2017-18. The assessee raised grounds of appeal against the addition of Rs. 28,65,453/- under Section 69A of the Income Tax Act and the applicability of Section 115BBE. The assessee claimed that the cash deposit was from earlier withdrawals and provided date-wise details of cash withdrawal and bank statements. However, the cash book and cash ledger were not readily available. The assessee changed his tax consultant in 2018, and the complete set of books of accounts was not available during the assessment. The assessee later prepared a complete cash book and filed it along with an Application for Additional Evidence.…

Legal Issues

• 1. Whether the addition of Rs. 28,65,453/- under Section 69A of the Act is tenable in law.
• 2. Whether the applicability of Section 115BBE is correct.

Judgment Outcome

Decided in favour of Assessee.

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