ITA 2315/BANG/2026

Parties Involved

Facts Summary

The assessee, SAAGIRAJU KRISHNAMA RAJU MOHAN KUMAR, an employee of Network Solutions Pvt. Ltd., did not file his return of income for the assessment year 2013-14. Based on information that he had deposited cash during the year, proceedings under section 147 of the Income Tax Act, 1961 were initiated. The assessee filed his return admitting income of Rs. 1,80,995/-. However, he deposited Rs. 9,99,000/- in his bank account during the year, which remained unexplained. The Assessing Officer added this amount under section 69A of the Act. The learned CIT(A) dismissed the appeal filed by the assessee, upholding the addition. The assessee appealed to the Income Tax Appellate Tribunal, claiming the cash was a gift from his parents.…

Legal Issues

• 1. Addition of Rs. 9,99,000/- under section 69A of the Act

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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