AZAD SINGH VS. INCOME TAX OFFICER, WARD 3(3)(1), SAHARANPUR UP

Parties Involved

Facts Summary

The assessee, Azad Singh, did not file a return of income for the assessment year 2012-13. During the year, he made cash deposits totaling Rs. 27,45,500/- into his savings bank account at Punjab National Bank, Saharanpur. Based on these deposits, the case was reopened under section 147 and a notice under section 148 was issued, requiring the assessee to file a return and explain the source of the cash deposits. Despite various statutory notices, no reply was received from the assessee. Consequently, the Assessing Officer (AO) treated the cash deposits as unexplained income from undisclosed sources and added them to the assessee's income under section 69A of the Act. An exparte assessment order was passed under section 144 read with section 147 on 19.12.2019. The Commissioner of Income Tax (Appeals) [CIT(A)] dismissed the assessee's appeal, affirming the AO's action. The assessee then appealed to the Income Tax Appellate Tribunal (ITAT).…

Legal Issues

• 1. Whether the cash deposits made by the assessee should be treated as unexplained income from undisclosed sources.

Judgment Outcome

Decided in favour of Assessee.

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