DCIT, CC-4(3), Kolkata vs. Raj Goenka
Case No: ITA No.1801/Kol/2025
Court: Income Tax Appellate Tribunal, 'D' Bench, Kolkata
Date: 2/5/2026
Parties Involved
appellantDCIT, CC-4(3), Kolkata
respondentRaj Goenka
Facts Summary
A search and seizure operation under section 132(1) of the Income-tax Act, 1961 was conducted on the assessee, Raj Goenka, on 18.12.2021. Subsequently, the case was centralized to Central Circle 4(3), Kolkata. The assessee filed his return of income declaring a total income of Rs. 86,32,940/-. An assessment order was passed adding Rs. 1,17,00,000/- as unexplained cash credit under section 68 of the Act. The assessee challenged this order before the Calcutta High Court, which set it aside and rem…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the addition of Rs. 1,17,00,000/- as unexplained cash credit under section 68 of the Act was justified?
Precedents Relied Upon
13 precedents cited in this judgement.