Mithu Pal Vs. I.T.O., Ward-50(2), Kolkata
Case No: I.T.A. No.: 1768/KOL/2024
Court: Income Tax Appellate Tribunal, Kolkata 'A' Bench, Kolkata
Date: 3/5/2025
Parties Involved
AppellantMithu Pal
RespondentI.T.O., Ward-50(2), Kolkata
Facts Summary
The assessee, Mithu Pal, had her assessment for the year 2012-13 reopened under section 147 of the Income Tax Act, 1961. The Assessing Officer noted large cash deposits totaling Rs. 2,33,12,575/- in her bank accounts during the financial year 2011-12. The assessee was requested to explain the source of these deposits but failed to do so. Consequently, the amount was added as deemed income under section 69A of the Act. The assessee appealed this decision before the Commissioner of Income Tax (App…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the addition of Rs. 2,33,12,575/- under section 69A of the Income Tax Act was justified.
Precedents Relied Upon
3 precedents cited in this judgement.