Balan Logeswaran Vs. The Income Tax Officer, Ward-1, Tiruchengode
Case No: ITA No.2312/Chny/2025
Court: Income Tax Appellate Tribunal ‘A’ Bench: Chennai
Date: 1/30/2026
Parties Involved
appellantBalan Logeswaran
respondentThe Income Tax Officer, Ward-1, Tiruchengode
Facts Summary
The assessee, Balan Logeswaran, is an individual engaged in the business of plywood trading under the name Shri Deepam Traders. For the assessment year 2017-18, he filed a return of income admitting a total income of Rs. 4,39,610/-. The case was selected for scrutiny, and the Assessing Officer (AO) noticed that the assessee had two undisclosed bank accounts with Axis Bank Ltd. and Karur Vysya Bank Ltd. The AO observed cash deposits during the demonetization period and made an addition of Rs. 60,…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order of the first appellate authority is legally justified.
- 2. Whether the AO is justified in invoking section 115BBE of the Act.
5 more legal issues analysed in this judgement.
Precedents Relied Upon
5 precedents cited in this judgement.