Chittipolu Srinivas vs. The Income Tax Officer, Ward – 1, Nalgonda

Parties Involved

Facts Summary

The assessee, Chittipolu Srinivas, made aggregate cash deposits of Rs.11,09,836/- in his bank accounts during the period of demonetization from 08-11-2016 to 30-12-2016. The assessee had made cash deposits to the tune of Rs.5,55,500/- during the demonetization period. The assessee was engaged in the business of retail trade during the FY 2016-17 relevant to AY 2017-18. A notice under section 142(1) was issued to the assessee, but he did not respond. Consequently, the Assessing Officer estimated the business income of the assessee at Rs.1,42,216/- and added it to the income of the assessee. The assessee filed an appeal before the Commissioner of Income Tax (Appeals), NFAC, Delhi, which was dismissed. The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the order of the Commissioner of Income Tax (Appeals) is erroneous both on facts and in law, without giving any proper opportunity to the appellant?
• 2. Whether the Commissioner of Income Tax (Appeals) erred in passing an order Ex-Parte without giving any proper opportunity to the appellant?

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• Javed Munir Khan Vs. ITO 26(1)(4)

  Mumbai Bench benchAY 2017-18Dismissed

• Gajalaxmi Pharma vs. The Income Tax Officer

  Chennai bench

• Mohit Kumar

  Kolkata-Patna ‘e-COURT’, Kolkata benchAY 2017-2018Dismissed

• M/s. Bhanu Jewellers Art vs. ITO

  Ahmedabad bench

• Tirupati Jewels vs ITO

  Delhi bench

• Manmohan Pravinchandra Madani vs. Income Tax Officer

  Ahmedabad bench