Pankaj Gupta Vs. Income Tax Officer, Ward-2(1), Faridabad, Harayan 121002

Parties Involved

Facts Summary

The Assessing Officer (AO) made an assessment under Section 144 read with Section 147 of the Income Tax Act, 1961, adding Rs.12,78,000/- on account of undisclosed sources for making cash deposits in the bank. The assessee filed an appeal before the CIT(A) against the assessment order dated 06.12.2019. The CIT(A) passed an ex-parte order against the assessee for Assessment Year 2012-13. The assessee, appearing in person, explained that he was unable to pursue the appeal effectively due to his father's critical illness.…

Legal Issues

• 1. Addition of Rs.12,78,000/- on account of undisclosed sources for making cash deposits in the bank.

Judgment Outcome

Decided in favour of Assessee.

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