Pradeep Kumar (AY 2017-18)

Parties Involved

Facts Summary

This appeal is preferred by the assessee, Pradeep Kumar, against the order dated 20.05.2025 of the National Faceless Appeal Centre (NFAC), Delhi, arising out of the order dated 18.12.2019 u/s 143(3) of the Income Tax Act, 1961 passed by the Income Tax Officer Ward-2(2)(1), Ghaziabad, for AY: 2017-18. The assessee raised grounds on merits, including the contention that the cash deposit cannot be considered an investment, and therefore the addition made is not sustainable in law. However, the appeal was dismissed by the Ld. First Appellate Authority on the basis of a defective Form No.35, without giving the assessee an opportunity to explain the discrepancy or deficiency.…

Legal Issues

• 1. Whether the cash deposit can be considered an investment.
• 2. Whether the appeal was dismissed correctly due to defects in Form No.35.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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