Raj Kumar Kapoor Vs. Income Tax Officer, Ward-41(3)
Case No: ITA No.8704/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 1/22/2026
Parties Involved
appellantRaj Kumar Kapoor
respondentIncome Tax Officer, Ward-41(3)
Facts Summary
This appeal pertains to the assessment year 2012-13. The assessee, Raj Kumar Kapoor, is engaged in the trading business of electronic items. He deposited cash of Rs.22,17,700/- which was treated as unexplained under section 68 of the Income-tax Act, 1961 by the lower authorities. The assessee had previously deposited Rs.12.29 lakhs in cash during the assessment year 2011-12, which was accepted by the Assessing Officer. The assessee argues that the cash deposits represent his cash sales turnover …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the cash deposit of Rs.22,17,700/- should be treated as unexplained income under section 68 of the Income-tax Act, 1961.
Precedents Relied Upon
2 precedents cited in this judgement.