K. Vinothkumar v. The ITO, Non-Corporate Ward-2(4), Coimbatore
Case No: ITA No.2776/Chny/2025 & Stay Petition No.99/Chny/2025
Court: Income Tax Appellate Tribunal ‘C’ Bench: Chennai
Date: 1/28/2026
Parties Involved
appellantK. Vinothkumar
respondentThe ITO, Non-Corporate Ward-2(4), Coimbatore
Facts Summary
The assessee, K. Vinothkumar, filed an appeal against the order of the Learned Commissioner of Income Tax (Appeals)/NFAC, dated 01.08.2025, for the Assessment Year 2017-18. The appeal pertains to several additions made by the Assessing Officer (AO) which were confirmed by the First Appellate Authority/CIT(A). The assessee had deposited large sums of cash in his bank account during the demonetization period and was asked to explain the source and nature of these deposits. The AO made additions to…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.8,05,000/- by AO for failure to prove source of cash deposit.
- 2. Addition of Rs.8,55,000/- & Rs.33,76,236/- by AO for failure to prove re-deposit of earlier withdrawals.
3 more legal issues analysed in this judgement.
Precedents Relied Upon
1 precedent cited in this judgement.