ITA No. 437/Ahd/2026 [ARK Infracon Private Limited vs. ITO] A.Y. 2015-16

Parties Involved

Facts Summary

The assessee, ARK Infracon Private Limited, has appealed against the order of the Commissioner of Income Tax (Appeals) dated 07/11/2024, which rejected the assessee's appeal. The assessee had raised issues regarding the rejection of their appeal and the addition of unexplained cash deposit under section 69A of the Income Tax Act, 1961. A search was conducted on DRA Group of Ahmedabad, and it was found that the assessee had received unexplained cash credits of Rs. 1,32,22,234/- from Shri Dineshchandra R Agrawal Infracon Pvt. Ltd. The assessee failed to justify the source of the payment, leading to the addition of the amount into their income. The assessee appealed to the Ld. CIT(A), but the appeal was dismissed for want of prosecution. The assessee then appealed to the ITAT, seeking condonation of delay in filing the appeal.…

Legal Issues

• 1. Whether the CIT(A) erred in rejecting the appeal of the appellant?
• 2. Whether the CIT(A) erred in confirming the addition of Rs. 13222234/- being unexplained cash deposit?

Judgment Outcome

Decided in favour of Assessee.

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