Gangaram Sukhdeo Chavan Vs. Asst. Commissioner of Income Tax Circle-29(1)

Parties Involved

Facts Summary

The assessee, Gangaram Sukhdeo Chavan, filed his return of income for Assessment Year (AY) 2013-14 on 28.09.2013, declaring a total income of Rs.79,35,440/-. The Assessing Officer (AO) passed the assessment order u/s. 143(3) of the Act on 07.03.2016, making additions on account of a negative balance in the Cash Book of Rs.9,37,206/- and disallowances of Rs.23,34,911/- u/s 40A(3) of the Act. On appeal, the Ld. Commissioner of Income Tax (Appeals) [CIT(A)] dismissed the appeal ex parte as the assessee did not make any submission in response to notices issued.…

Legal Issues

• 1. Erroneous determination of total income by the Learned Assistant Commissioner
• 2. Disallowance of Negative Cash Balance and disallowance u/s 40A(3)
• 3. Levying of interest U/s 234B and 234C
• 4. Validity of the order passed by the Assessing Officer

Judgment Outcome

Decided in favour of Assessee.

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