Sh. Hukum Singh Vs. Income Tax Officer, Ghaziabad

Parties Involved

Facts Summary

The assessee/appellant, Sh. Hukum Singh, is aggrieved against the action of the lower authorities, specifically the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [CIT(A)/NFAC], Delhi, which treated cash deposits of Rs.16 lakhs as unexplained and assessed him for having derived long-term capital gains of Rs.1,11,520/-. The appellant had sold his land(s) in the relevant previous year, which falls in the NCT area. The lower authorities upheld the addition of long-term capital gains but the appellant contested the treatment of cash deposits as unexplained income.…

Legal Issues

• 1. Assessment of long-term capital gains of Rs.1,11,520/- from the sale of land.
• 2. Treatment of cash deposits of Rs.11.34 lakhs as unexplained income.

Judgment Outcome

Decided in favour of Assessee.

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