Dinesh Kumar Vs. Income Tax Officer, Ward-1(4), Gurgaon, Haryana
Case No: ITA No.5503/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 1/14/2026
Parties Involved
appellantDinesh Kumar
respondentIncome Tax Officer, Ward-1(4), Gurgaon, Haryana
Facts Summary
The case involves Dinesh Kumar, who deposited Rs.47,50,000/- in cash in his bank account and made an investment in immovable property worth Rs.1,30,50,000/- during the previous year relevant to Assessment Year 2015-16. The Income Tax Officer issued a notice under section 148 of the Income Tax Act, 1961, following information received through Risk Management Strategy (RMS). Dinesh Kumar explained that the cash deposits were from earlier withdrawals of Rs.8,90,000/-, cash loans from friends and re…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.38,60,000/- as unexplained money under section 69A of the Income Tax Act, 1961.