Devindra Singh vs. Deputy/Assistant Commissioner of Income Tax
Case No: ITA No.4715/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench 'D'
Date: 11/27/2025
Parties Involved
appellantDevindra Singh
respondentDeputy/Assistant Commissioner of Income Tax
Facts Summary
The assessee, Devindra Singh, an ex-serviceman, had cash deposits of Rs. 26,20,000 in his State Bank of India account during Financial Year 2014-15. The Department issued a notice under section 148A(b) of the Income Tax Act on 30.03.2022, alleging that the assessee had not disclosed all material facts and that the transactions remained unexplained. The assessee responded that he had never entered into any international transactions and that the amount was counted twice erroneously. The Assessing…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the assessment proceedings under section 148 of the Income Tax Act beyond three years for an amount less than Rs. 50,00,000.
Precedents Relied Upon
8 precedents cited in this judgement.