CHETNA SUNDARAM VS. DCIT, CIRCLE 70(1), NEW DELHI

Parties Involved

Facts Summary

The assessee, Chetna Sundaram, deposited Rs. 2,00,000 in her HDFC Bank Ltd. savings account. The source of this deposit remained unexplained despite being given ample opportunity to provide documentation. Consequently, this amount was deemed unexplained money under section 69A of the Act and added to her income for the year. Additionally, during FY 2011-12, the assessee made payments against credit card bills amounting to Rs. 2,26,060 through American Express Bank and Rs. 3,45,560 through HDFC Bank, totaling Rs. 5,71,620, which also remained unexplained. This amount was similarly deemed unexplained money and added to her income. Upon appeal, the Ld. CIT(A) dismissed the assessee's appeal due to the lack of documentary evidence.…

Legal Issues

• 1. Incorrect addition of income
• 2. Improper calculation of tax and interest
• 3. Dismissal of appeal by CIT(A) without proper consideration

Judgment Outcome

Decided in favour of Assessee.

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