ITO Ward 30(5) Vs. Raghav Goel
Case No: ITA No.734/Del/2025 & CO 85/Del/2025
Court: Income Tax Appellate Tribunal
Bench: C Bench, Delhi
Date: 2/3/2026
Parties Involved
appellantITO Ward 30(5)
respondentRaghav Goel
Facts Summary
The assessee filed return of income on 06.11.2017 declaring income of Rs.10,02,910/-. The notice u/s 143(2) of the Act dated 07.09.2018 was issued. The case was selected under scheme of compulsory scrutiny since survey u/s 133A of the Act was conducted on 21.03.2017 on the basis of information regarding deposit of cash amounting to Rs.5,81,46,500/- in its bank during demonetization period. During survey assessee admitted that he would voluntarily declare Rs. 3 crore in PMGKY, 2016 and he assured…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.2,81,46,500/- u/s 69A of the Act
Precedents Relied Upon
3 precedents cited in this judgement.