Jastiyamini Satya Prabha vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee, Jastiyamini Satya Prabha, filed her return of income for the Assessment Year 2017-18 on 21/10/2017, admitting a total income of Rs. 4,96,920/-. The case was selected for Limited Scrutiny under CASS to verify cash deposits during the demonetization period. Notices under sections 143(2) and 142(1) of the Income Tax Act, 1961 were issued, and the assessee responded with bank statements and other documents. However, she did not provide evidence to support her claim regarding cash deposits of Rs. 15,65,000/- made during the demonetization period. The Assessing Officer treated these deposits as unexplained money under section 69A of the Act and taxed them under section 115BBE, determining the total income at Rs. 20,61,920/-. The assessee appealed against this order, which was dismissed ex-parte by the Commissioner of Income Tax (Appeals). The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the order of the Commissioner of Income Tax (Appeals) is contrary to the facts and law applicable to the facts of the case.
• 2. Whether the Commissioner of Income Tax (Appeals) was justified in dismissing the appeal ex-parte.
• 3. Whether the Commissioner of Income Tax (Appeals) was justified in sustaining the addition of Rs. 15,65,000/- made by the Assessing Officer under section 69A of the Act towards unexplained cash deposits in the bank account during the demonetization period.

Judgment Outcome

Decided in favour of Assessee.

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