Late Sh. Ram Singh Through L/H Ajay Kumar vs. ITO

Parties Involved

Facts Summary

The present appeal was filed by the assessee, Late Sh. Ram Singh, against the order passed by the National Faceless Appeal Centre (NFAC) dated 29.01.2026 under Section 250 r.w.s. 254 of the Income Tax Act, 1961. The grounds of appeal included the contention that the Ld. CIT(A) erred on facts and in law in upholding the validity of the notice issued under Section 148 of the Act and the consequent order passed under Section 147 of the Act. The assessee also contested the addition of Rs. 65,27,171/- on account of alleged unexplained cash deposits in his bank account. The assessee argued that the bank statement submitted by him clearly contained narration of the source of credits in the bank account, which were primarily in the nature of pension and FD interest received.…

Legal Issues

• 1. The addition made to the income of the assessee on account of allegedly cash found deposited in his bank account, the source of which remained unexplained to the tune of Rs. 65,27,171/-.

Judgment Outcome

Decided in favour of Assessee.

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