Nitin Kumar Bohra vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee, Nitin Kumar Bohra, a jeweller, filed an appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2017-18. The appeal was based on the rejection of the assessee's books of account and the addition of unexplained cash deposits under section 69A of the Income Tax Act. The assessee argued that the cash deposits were from legitimate business sales and loans, and the authorities below failed to appreciate this. The assessee also claimed that the rejection of books of account and the addition of unexplained income led to double taxation.…

Legal Issues

• 1. Rejection of books of account and addition of unexplained income
• 2. Double taxation due to addition of unexplained income

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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