ITA No.1893/Chny/2024

Parties Involved

Facts Summary

The assesse, Athiannan Sundaram, has filed an appeal against the order of the Learned Commissioner of Income Tax for the assessment years 2017-18. The assesse has challenged the order u/s 250 dated 26.02.2024 passed by Addl/JCIT(A), Panaji. The assesse has made an addition of Rs.7,85,500/- u/s 69A r.w.s. 115BBE on account of cash deposits made during the demonetization period. The First Appellate Authority confirmed the addition made by the Assessing Officer on the singular premise of non-appearance of the assesse to his notices. The assesse pleaded that the First Appellate Authority has not considered the facts of the case properly in the light of notifications issued by RBI. The assesse prayed for restoring the matter to the file of the CIT(A) for readjudication after considering details, documents and submissions made by the assesse.…

Legal Issues

• 1. Whether the First Appellate Authority properly appreciated the facts of the case?
• 2. Whether the assesse is entitled to relief in view of being a dealer of Petrol, Diesel and Oil?

Judgment Outcome

Decided in favour of Assessee.

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