Hari Roadwayas Pvt. Ltd. Vs ITO Ward 11(1) New Delhi
Case No: ITA No. 6394/DEL/2025
Court: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘A’, NEW DELHI
Date: 1/28/2026
Parties Involved
appellantHari Roadwayas Pvt. Ltd.
respondentITO Ward 11(1) New Delhi
Facts Summary
The assessee, Hari Roadwayas Pvt. Ltd., filed a return for the Assessment Year 2017-18 declaring a loss of Rs. 2,33,311/-. The case was selected for scrutiny due to significant cash deposits made during the demonetization period. In the absence of compliance by the assessee, the Assessing Officer completed the assessment under section 144 of the Income Tax Act, 1961, determining an assessed income of Rs. 58,26,165/- after adding unexplained cash deposits under section 68 of the Act. Aggrieved by…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessing Officer was justified in making additions to the assessee's income under section 68 of the Income Tax Act, 1961?