Income Tax Appeal

Parties Involved

Facts Summary

The appeal by assessee Shri Ramasamy Kandasamy for Assessment Year 2011-12 arises from the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 12-03-2024. The Assessing Officer (AO) had made an addition of Rs.14.79 Lacs being cash deposited by the assessee in bank accounts. The Commissioner of Income Tax (Appeals) confirmed the addition as the assessee failed to appear before any of the lower authorities. The assessee is in further appeal before the Income Tax Appellate Tribunal. The Tribunal accepted the prayer of the appellant and restored the assessment back to the file of the Assessing Officer at a cost of Rs.5,000/- to be deposited by the assessee within 30 days from the date of receipt of this order to ‘Tamil Nadu State Legal Services Authority’ at Hon’ble High Court of Madras.…

Legal Issues

• 1. Addition of Rs.14.79 Lacs being cash deposited by the assessee in bank accounts.

Judgment Outcome

Decided in favour of Assessee.

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