GAURAV BHATIA, VS. ITO, WARD 70(5), C-9, WESTERN COLONY, NEW DELHI
Case No: ITA No. 5531/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘SMC’ : NEW DELHI)
Date: 1/22/2026
Parties Involved
appellantGAURAV BHATIA
respondentITO, WARD 70(5), C-9, WESTERN COLONY, NEW DELHI
Facts Summary
The assessee, Gaurav Bhatia, an individual, filed a return declaring total income of Rs. 2,73,320/- under the head ‘salary’ and ‘other sources’ for the assessment year 2017-18. The case was selected for Complete Scrutiny under CASS due to 'Cash deposit during demonetization period'. Notices under section 143(2) were issued and served by different ITOs. The case was finally assessed by the ITO, Ward 70(5), New Delhi, who added Rs. 30,70,000/- to the assessee’s income under section 69A read with s…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the cash deposits made by the assessee during demonetization were income under section 69A read with section 115BBE of the Income Tax Act, 1961.
Precedents Relied Upon
1 precedent cited in this judgement.