ITA No. 1025/Jodh/2025

Parties Involved

Facts Summary

The assessee, Manish Kumar Golecha, filed an appeal against the order passed by the National Faceless Appeal Centre (NFAC), Delhi for the assessment year 2018-19. The assessee challenged the addition of Rs.2,36,560/- under Section 44AD, Rs.8,75,253/- under Section 44AD, Rs.65,86,070/- as interest income, and Rs.42,93,825/- under section 68 of the Income Tax Act, 1961. The Assessing Officer found cash deposits in the bank account and treated them as unaccounted sales. The assessee contested these additions before the first appellate authority, but they were confirmed. The Tribunal considered the submissions and materials on record and found the additions unsustainable. The Tribunal directed the Assessing Officer to delete the additions.…

Legal Issues

• 1. Addition under Section 44AD
• 2. Addition under Section 44AD
• 3. Interest income
• 4. Addition under section 68
• 5. Disallowance of Rs.4,75,245/-

Judgment Outcome

Decided in favour of Assessee.

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