DCIT, Central Circle-4(3), Kolkata vs. Ashok Kumar Kayan
Case No: ITA No.1757/Kol/2025
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 12/18/2025
Parties Involved
appellantDCIT, Central Circle-4(3), Kolkata
respondentAshok Kumar Kayan
Facts Summary
The assessee, Ashok Kumar Kayan, filed his original return of income declaring a total income of Rs.7,94,270/-. Subsequently, the Assessing Officer (AO) received information that the assessee had brought unaccounted money of Rs.2,17,00,000/- into the books. The AO issued a notice under section 148 of the Income Tax Act and passed an assessment order under sections 147 read with 144 of the Act, determining a total income of Rs.2,24,94,270/- by adding unexplained cash credit under section 68 of th…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the CIT(A) erred in deleting the addition under section 68 of the Act.