Kuppusamy Thankaraj Vs. The Income Tax Officer, Circle-1, Erode

Parties Involved

Facts Summary

The assessee, Kuppusamy Thankaraj, is engaged in the business of buying and selling firewood. He filed a return of income for Assessment Year 2018-19 admitting a total income of Rs. 25,60,990/-. The case was selected for scrutiny, and the Assessing Officer (AO) noticed that the assessee had made cash payments towards purchases from 98 out of 430 parties, with each payment not exceeding Rs. 10,000/- per day. The AO rejected the assessee's submissions and ledger accounts, holding that the books of…

Legal Issues

• 1. Whether the impugned order is bad and erroneous in law.
• 2. Whether the First Appellate Authority erred in not considering the explanations and submissions of the appellant in proper perspective.

Precedents Relied Upon

2 precedents cited in this judgement.

Judgment Outcome