Jaideep Khanduja vs Income Tax Officer
Case No: ITA No. 8260/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘SMC’, New Delhi
Bench: Delhi Bench ‘SMC’, New Delhi
Date: 2/5/2026
Parties Involved
appellantJaideep Khanduja
respondentIncome Tax Officer
Facts Summary
The assessee’s appeal for Assessment Year 2017-18 arises against the Addl./JCIT( A)-10, Mumbai’s DIN & order No. ITBA/APL/ S/250/2025-26/1082052827(1) dated 28.10.2025, in proceedings u/s 143(3) of the Income Tax Act, 1961. The lower authorities held the assessee’s cash deposits during demonetization amounting to Rs.15,81,500/- as unexplained to the extent of Rs.13,20,000/-. The assessee argued that the deposits represented previous withdrawals and past accumulated savings, but failed to satisfy…
Decision in favour of
Assessee
Legal Issues
- 1. Unexplained cash deposits during demonetization.
- 2. Assessment under Section 115BBE.
Precedents Relied Upon
1 precedent cited in this judgement.