Priya Sudhir Gupta Vs. Assistant Commissioner of Income Tax

Parties Involved

Facts Summary

The present appeal arises out of the order dated 19.09.2023 passed by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi for A.Y. 2017-18. The assessee, Priya Sudhir Gupta, has appealed against the order sustaining an addition made by the Ld. Assessing Officer of Rs.14,00,000/- as unexplained cash credit under Section 68 of the Act. The assessee has filed an application for condonation of delay in filing the present appeal due to the absence of an employee who was looking after the appeal work. The assessee has submitted that there is a reasonable cause for the delay and no malafide intention on behalf of the assessee. The assessee has also submitted that she had sufficient cash as on 01.04.2016, which has not been questioned by authorities in the preceding assessment years.…

Legal Issues

• 1. Whether the delay in filing the appeal should be condoned?
• 2. Whether the addition made by the Assessing Officer of Rs.14,00,000/- as unexplained cash credit under Section 68 of the Act is justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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