ITA 6764/DEL/2026

Parties Involved

Facts Summary

The assessee, ABHEY SINGH, filed an appeal against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [for short, ‘CIT(A)/NFAC’], Delhi’s, order dated 28.12.2024 involving proceedings under section 147 r.w.s. 144 of the Income-tax Act, 1961. The appeal was filed after a delay of 476 days, which was condoned. The assessee raised a grievance against the decision of the lower authorities treating certain cash deposits amounting to Rs. 20 lakhs as unexplained. The assessee argued that the cash deposits came from his sister, who had withdrawn the amount from her bank account and deposited it in his account. The tribunal found merit in the assessee's case and deleted the impugned addition.…

Legal Issues

• 1. Whether the cash deposits amounting to Rs. 20 lakhs are unexplained?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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