Ishtiyaque Ahmed vs. DCIT/ACIT, CC-4(3), Kolkata
Case No: ITA Nos.2066 to 2071/Kol/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 12/8/2025
Parties Involved
appellantIshtiyaque Ahmed
respondentDCIT/ACIT, CC-4(3), Kolkata
Facts Summary
The assessee, Ishtiyaque Ahmed, is an individual engaged in the trading business of cardboard boxes under the name M/s Unique Cardboard Box. He filed his return of income for the assessment year 2020-21 on 03.12.2020, disclosing a total income of Rs 4,18,940/- calculated on a presumptive basis under section 44AD of the Income Tax Act, 1961. On 09.08.2021, cash amounting to Rs 25,00,000/- was found in his possession by the police and subsequently handed over to the Income Tax Department. The asse…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs 13,65,317/- as unexplained investment under section 69 of the Act
- 2. Addition of Rs 2,12,332/- under the head business
4 more legal issues analysed in this judgement.