Asst. CIT, Circle-45(1), New Delhi. Vs. Vibha Taneja
Case No: ITA No.946/Del/2020
Court: Income Tax Appellate Tribunal, Delhi Bench 'A', New Delhi
Bench: Delhi Bench 'A', New Delhi
Date: 2/20/2026
Parties Involved
appellantAsst. CIT, Circle-45(1), New Delhi
respondentVibha Taneja
Facts Summary
The assessee filed return of income on 13.02.2017 at income of Rs.16,56,930/-. The case was selected for scrutiny under CASS on the issue whether cash deposits in SB Accounts have been made out of disclosed sources and whether investment and income relating to properties are duly disclosed. Notice u/s 143(2) was issued on 18.09.2017. The assessee did not make any compliance. Multiple notices u/s 142(1) were issued but the assessee failed to comply. Penalty of Rs.10,000/- was imposed u/s 271(1)(b…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.18,45,000/- on account of unexplained cash credit in HDFC account.
- 2. Addition of Rs.11,12,500/- being half of unexplained cash deposit in the joint account with Sh. Pawan Taneja.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
8 precedents cited in this judgement.