Dwarka Das Agarwal Vs Income Tax Officer

Parties Involved

Facts Summary

The assessee, Dwarka Das Agarwal, a businessman engaged in supervision for transport companies, filed his return of income for the assessment year 2017-18 on 30.03.2018, showing a total income of Rs. 4,97,240/-. The case was selected for scrutiny, and an order under section 144 was passed on 12.12.2019 due to non-compliance with notices. Agarwal deposited Rs. 4,98,000/- in his savings account during the demonetization period, which was added to his income, leading to a demand of Rs. 5,42,432/-. Agarwal appealed against this order, arguing that the addition was not justified and that the appellate authority had erred in dismissing his appeal without considering his explanations and documentary evidence. The Tribunal found that the appellate authority had made errors in the order and that the addition of Rs. 4,98,000/- was unjustified.…

Legal Issues

• 1. Whether the appellate authority erred in dismissing the appeal without considering the appellant's explanations and documentary evidence?
• 2. Whether the addition of Rs. 4,98,000/- to the appellant's income was justified?

Judgment Outcome

Decided in favour of Assessee.

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