Shri Amit Vyas vs. Income-tax Officer, Ujjain

Parties Involved

Facts Summary

Shri Amit Vyas filed an income return for the Assessment Year 2015-16 on 22.07.2016, declaring a total income of Rs. 6,12,360/-. The case was initially processed under section 143(1) but later converted into a scrutiny assessment by issuing notices under sections 143(2)/142(1). The Assessing Officer completed the assessment on 22.12.2017, adding Rs. 40,00,000/- on account of unexplained cash deposits, thereby determining the total income at Rs. 46,12,360/-. The assessee filed an appeal to the Commissioner of Income-Tax (Appeals) on 30.12.2019, which was dismissed by the CIT(A) on the ground of delay. The assessee then filed an appeal to the Income Tax Appellate Tribunal, which was remanded back to the CIT(A) for fresh consideration.…

Legal Issues

• 1. Whether the delay in filing the appeal can be condoned?
• 2. Whether the addition made by the Assessing Officer is justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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