Rajneesh Kumar Singh Vs Income Tax Officer

Parties Involved

Facts Summary

The case involves four appeals filed by Rajneesh Kumar Singh against the Income Tax Officer for the assessment years 2013-14, 2014-15, 2015-16, and 2016-17. The assessing officer had made section 68 additions for unexplained cash deposits. The assessee claimed that these deposits represented his business sales in trading clothes and readymade garments. However, the CIT(A)/NFAC upheld the assessing officer’s findings, noting that the assessee failed to provide adequate documentation to substantiate his claims. The assessee did not appear for the hearings, and the Tribunal proceeded ex-parte.…

Legal Issues

• 1. Validity of section 147 proceedings
• 2. Sustainability of section 68 additions
• 3. Validity of section 151 approval

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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