Mr. Ramesh Kumar Vs. Income Tax Officer, Ward 43(2), New Delhi

Parties Involved

Facts Summary

The assessee, Mr. Ramesh Kumar, filed a return of income on 28.04.2017 declaring a total income of Rs.2,93,120/-. The case was selected for scrutiny through CASS with the limited reason 'Cash deposits during the year'. Statutory notices under Sections 143(2) & 142(1) were issued and served upon the assessee. In response, the assessee filed detail/documents online. The assessee showed the business of Retailer [0202] of Mother Diary as well as Profession [0607] Mother Dairy. The assessee showed th…

Legal Issues

• 1. Whether the Ld. NFAC erred in law and on fact by sustaining or confirming the entire addition of Rs.1,61,16,932/- towards the deposited cash into the bank account.
• 2. Whether the further confirmed addition of Rs.1,50,000/- in respect of deduction claimed under Chapter-VIA was bad in law.

Precedents Relied Upon

Judgment Outcome