Mitulkumar Ajitkumar Desai vs. The Deputy Commissioner of Income Tax

Parties Involved

Facts Summary

The assessee, Mitulkumar Ajitkumar Desai, had filed his income return for the Assessment Year 2017-18 on 14.06.2017, declaring a total income of Rs.4,20,310. The case was selected for limited scrutiny to verify salary income and cash deposits made during the demonetisation period. The Assessing Officer found that the assessee had made cash deposits of Rs.2,00,000 during the demonetisation period and disallowed deductions under Section 80C & 80D. The assessment was completed on 16.12.2019, at a total income of Rs.8,30,879. The assessee filed an appeal before the First Appellate Authority, which was partly allowed. The assessee is now in second appeal before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Addition of Rs.2,00,000/- under Section 69A of the Act for cash deposits during demonetisation period.
• 2. Disallowance of House Rent Allowance (HRA) and Conveyance Allowance.

Judgment Outcome

Decided in favour of Assessee.

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