Manjunath B vs. The Income Tax Officer

Parties Involved

Facts Summary

This case involves an appeal filed by the assessee, Manjunath B, against the order passed by the NFAC, Delhi for the assessment year 2013-14. The assessee had filed the appeal with a one-day delay, which was condoned by the tribunal. The assessee argued that there were regular cash withdrawals and deposits in the bank, and it was unscientific to treat the entire receipts as unexplained money. The revenue had treated the entire amount of cash and bank deposits as income of the assessee, which the assessee contested.…

Legal Issues

• 1. Whether the delay in filing the appeal should be condoned?
• 2. Whether the deposits in the bank can be treated as income of the assessee?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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