Domeraji Indaji Devra Vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee, Domeraji Indaji Devra, has filed an appeal against the appellate order dated 15.07.2024 passed by the Commissioner of Income Tax (Appeals)National Faceless Appeal Centre, Delhi, relating to the Assessment Year 2017-18. The assessee raised several grounds of appeal, including the addition of Rs.25,50,000/- made under Section 69A of the Act, and the taxing of income at a special rate mentioned in Section 115BBE of the Act. The assessee argued that the addition was made without proper appreciation of facts and law, and that the amendment in Section 115BBE would be applicable from AY 2018-19 onwards and not for AY 2017-18. The assessee also submitted that the cash deposits were consistent with the business pattern and that the revenue authorities failed to verify the source of cash deposits.…

Legal Issues

• 1. Whether the addition of Rs.25,50,000/- made under Section 69A of the Act was proper.
• 2. Whether the income was properly taxed at the special rate mentioned in Section 115BBE of the Act.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

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