Prathmik Krashi Saka Shakari Samiti Chatholi vs. ITO, Vidisha

Parties Involved

Facts Summary

The assessee, Prathmik Krashi Saka Shakari Samiti Chatholi, was assessed under section 147 of the Income Tax Act, 1961, for the assessment year 2015-16. The total income was computed and assessed at Rs 2,07,19,602/-. Additions were made for unexplained cash deposits, contract receipts, and commission/brokerage. The assessee filed an appeal against the assessment order, which was dismissed by the Commissioner of Income Tax (Appeals). The assessee then filed a second appeal before the Income Tax Appellate Tribunal, challenging the dismissal of the first appeal and the additions made by the Commissioner of Income Tax (Appeals).…

Legal Issues

• 1. Whether the delay in filing the first appeal should be condoned?
• 2. Whether the addition of Rs. 2,04,02,708/- on account of unexplained money is justified?
• 3. Whether the addition of Rs. 9,243/- in respect of contract receipt is justified?
• 4. Whether the addition of Rs. 3,07,651/- in respect of commission/brokerage receipt is justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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