Income Tax Officer, Ward-2(3)(4), Hapur, Uttar Pradesh Vs. Sh. Manoj Kumar Singhal
Case No: ITA No.206/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘E’ NEW DELHI
Date: 3/26/2025
Parties Involved
appellantIncome Tax Officer, Ward-2(3)(4), Hapur, Uttar Pradesh
respondentSh. Manoj Kumar Singhal
Facts Summary
The case pertains to the assessment year 2014-15, where the Assessing Officer added Rs. 1,84,94,100/- to the assessee's income as unexplained cash credits under section 69A of the Income Tax Act, 1961. This addition was based on information from the High Risk Financial transaction report in the Insight Portal of the Income Tax Department and the STR report received from the Deputy Director of Income Tax(Inv), Unit-III, Ghaziabad. The assessee contested this addition, providing cash flow statemen…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs. 1,84,94,100/- by the Assessing Officer under section 69A was justified.