Mr. Rakesh v. ITO, Ward-18(3)
Case No: ITA No.5499/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench 'F', Delhi
Date: 2/12/2026
Parties Involved
appellantMr. Rakesh
respondentITO, Ward-18(3)
Facts Summary
The assessee, Mr. Rakesh, filed an appeal against the order of the Learned Commissioner of Income Tax, New Delhi/National Faceless Appeal Centre (NFAC) dated 01.06.2024 for the Assessment Year 2017-18. The appeal was filed with a delay of 36 days, which was condoned by the Tribunal. The case was selected for complete scrutiny due to cash deposits of Rs.39,00,000/- and Rs.8,15,000/- during the demonetization period. The Assessing Officer made an addition of Rs.47,15,000/- under section 68 of the …
Decision in favour of
Assessee
Legal Issues
- 1. Condonation of delay in filing the appeal
- 2. Addition of Rs.47,15,000/- under section 68 of the Act