ITA No. 208/Bang/2026

Parties Involved

Facts Summary

The case involves an appeal by Smt. Sharadamma against the order of the NFAC, Delhi dated 16/11/2025 in respect of the Assessment Year 2014-15. The assessee had maintained a savings bank account jointly with Shri Venkatesh in the Kaveri Grameena Bank. The Assessing Officer (AO) issued a notice under section 142(1) calling for the filing of the return of income in respect of the bank credits of Rs. 3,97,729/-. Mr. Venkatesh had replied to the notice stating that there was no AOP (Association of Persons) in the name of Basavegowda and Venkatesh and requested the AO to withdraw the notice. The AO proceeded with the assessment as if there was an AOP. The assessee filed an appeal against the order of the Ld.CIT(A) which had affirmed the assumption made by the AO that there was an AOP. The assessee argued that there was no AOP in the eye of the law and the AO did not have any documents to show that there was an AOP of Basavegowda and Venkatesh.…

Legal Issues

• 1. Whether the assessment made in the name of the AOP is sustainable?
• 2. Whether the appeal filed by the assessee should be allowed?

Judgment Outcome

Decided in favour of Assessee.

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