Mukesh Kumar Vs National Faceless Appeal Centre
Parties Involved
Facts Summary
The appellant assessee, Mukesh Kumar, is an individual who was in the business of running cabs. He filed his Return of Income for the Assessment Year 2012-13 on 18.04.2013, declaring an income of Rs.9,20,934/-. The learned Assessing Officer completed the assessment, determining the total income at Rs.49,07,310/- after making additions of Rs.40,86,371/- on account of cash deposits. In appeal, the learned Commissioner of Income Tax (Appeals) confirmed an addition of Rs.33,65,810/-, giving relief of Rs.7,20,560/-.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.33,65,810/- confirmed by the ld. CIT(A) is justified.
Judgment Outcome
Decided in favour of Assessee.
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