Balakrishnan Ramanathan vs Income Tax Officer, Ward-2(1), Erode
Case No: ITA No.2738/Chny/2025
Court: Income Tax Appellate Tribunal ‘C’ Bench: Chennai
Date: 1/6/2026
Parties Involved
appellantBalakrishnan Ramanathan
respondentIncome Tax Officer, Ward-2(1), Erode
Facts Summary
The appellant, Balakrishnan Ramanathan, did not file a regular income tax return for the Assessment Year 2012-13. The Assessing Officer (AO) formed an opinion that income had escaped assessment based on information that the appellant made cash deposits of Rs.45,60,995/- in a savings bank account during the Financial Year 2012-13. Consequently, the AO issued a notice under section 148 on 11.03.2019. In response, the appellant filed a return of income disclosing a total income of Rs.1,20,000/-. Th…
Decision in favour of
Assessee
Legal Issues
- 1. Taxability of cash deposits in the bank account.
Precedents Relied Upon
3 precedents cited in this judgement.