Prakash Govindbhai Patel vs. Income Tax Officer

Parties Involved

Facts Summary

Prakash Govindbhai Patel, the appellant, filed an appeal against the orders passed by the Commissioner of Income Tax (Appeals) for the assessment years 2010-11 to 2012-13. The appellant had filed returns declaring meagre income, which was not commensurate with the significant cash deposits made in his bank accounts. The Assessing Officer added unexplained cash credits to the appellant's income under Section 69A of the Income Tax Act, 1961. The appellant failed to provide any explanation or evidence to substantiate the source of these cash deposits. The Commissioner of Income Tax (Appeals) upheld the addition made by the Assessing Officer, and the appellant appealed against this decision.…

Legal Issues

• 1. Whether the addition of unexplained cash credits by the Assessing Officer was justified.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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