Maitrayee Das Vs. DCIT, Cir-27(1), Haldia
Case No: I.T.A. No.: 502/KOL/2023
Court: Income Tax Appellate Tribunal, Kolkata ‘D’ Bench, Kolkata
Date: 1/22/2025
Parties Involved
AppellantMaitrayee Das
RespondentDCIT, Cir-27(1), Haldia
Facts Summary
The appellant, Maitrayee Das, is an authorized dealer of Hindustan Petroleum Corporation Ltd. dealing in motor spirits and high-speed diesel under the name and style of 'Bargabhima Fuel Centre'. She filed her return of income for the assessment year 2017-18 disclosing a total income of Rs. 91,00,230/-. During the assessment proceedings, the Assessing Officer (AO) asked for details of cash deposits during the demonetization period, which were provided by the appellant. The AO found that the appel…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs. 13,54,371/- as unexplained cash credits under section 68 of the Income Tax Act, 1961, was lawful.
Precedents Relied Upon
2 precedents cited in this judgement.