ITA No.5282/Del/2024

Parties Involved

Facts Summary

This Revenue’s appeal for assessment year 2017-18 arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2024-25/1068493517(1), dated 10.09.2024 involving proceedings under section 143(3) of the Income-tax Act, 1961. The appeal is against the disallowance of Rs.6,01,203/- under section 43B and the addition of Rs.1,25,97,896/- under section 68/69A for unexplained cash deposits. The case was heard ex-parte as the assessee did not appear.…

Legal Issues

• 1. Disallowance of Rs.6,01,203/- under section 43B
• 2. Addition of Rs.1,25,97,896/- under section 68/69A for unexplained cash deposits

Judgment Outcome

Decided in favour of Assessee.

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