Devasagayam Gnanaselvam vs. The Income Tax Officer

Parties Involved

Facts Summary

Devasagayam Gnanaselvam, a pensioner, did not file an income return for the financial year 2014-15 as per the provisions of section 139(1) of the Income Tax Act, 1961. The Assessing Officer found cash deposits in her accounts with Indian Overseas Bank to an extent of ₹.33,45,500/-. The assessee did not furnish any details against various notices issued under sections 148, 142(1), and 144 of the Act. The Assessing Officer treated the cash deposits as unexplained cash credit under section 68 of the Act and added them to the total income of the assessee. The assessee appealed to the Commissioner of Income Tax (Appeals), but the appeal was dismissed for non-submission of documentary evidence. The assessee then appealed to the Income-Tax Appellate Tribunal, seeking an opportunity to present her case with documentary evidence.…

Legal Issues

• 1. Whether the assessee's appeal against the order of the Assessing Officer should be allowed?

Judgment Outcome

Decided in favour of Assessee.

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