CHETNA SUNDARAM VS. DCIT, CIRCLE 70(1), NEW DELHI
Case No: ITA NO. 2512/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH
Date: 3/10/2025
Parties Involved
appellantCHETNA SUNDARAM
respondentDCIT, CIRCLE 70(1), NEW DELHI
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 B…
Decision in favour of
Assessee
Legal Issues
- 1. Incorrect addition of income
- 2. Improper calculation of tax and interest
1 more legal issue analysed in this judgement.