Manoj Kumar Yadav Vs. Commissioner of Income Tax (Appeals)

Parties Involved

Facts Summary

The assessee, Manoj Kumar Yadav, is an individual engaged in the business of grains. He e-filed his return of income on 11.07.2017 showing a total income of Rs. 4,56,610/-. His case was selected for complete scrutiny, and statutory notices were issued but not complied with. The Assessing Officer (AO) found that a sum of Rs. 10,00,000/- deposited on 14.11.2016 was not satisfactorily explained, leading to the rejection of the assessee's books of account and addition of this amount to his total income as unexplained money under section 69A of the Income Tax Act, 1961. Aggrieved by this, the assessee appealed to the Commissioner of Income Tax (Appeals) (CIT(A)), who dismissed the appeal. The assessee then filed an appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the CIT(A) erred in the calculation of assessed income.
• 2. Whether the delay in filing the appeal should be condoned.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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