Rajshri Vishnu Wagh vs. ITO, Ward-1(1), Nashik

Parties Involved

Facts Summary

The assessee, Rajshri Vishnu Wagh, did not file her income tax return for the assessment year 2017-18. Under Operation Clean Money, the Department identified assessees who deposited substantial cash in their bank accounts during the demonetization period but did not file their returns. The assessee had deposited Rs.12,00,000/- in her bank account between 09.11.2016 and 31.12.2016. The Assessing Officer issued a notice under section 142(1) of the IT Act, and the assessee explained that she had deposited Rs.6,00,000/- in her bank account, which was withdrawn from the same bank on 12.08.2016. The Assessing Officer added Rs.1,00,000/- as unexplained money under section 69A of the IT Act, which the assessee appealed against. The Additional Commissioner of Income Tax (Appeals) dismissed the appeal for want of prosecution, which the assessee further appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the order passed by the CIT(A) is valid as it was passed ex parte and without discussing the merits of the case.
• 2. Whether the addition of Rs.1,00,000/- made by the Assessing Officer under section 69 of the IT Act is justified.

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• ITA No.168/Chny/2024 (AY 2017-18)

  Chennai bench

• Rajendra Gadhia vs. The Income Tax Officer

  Ahmedabad bench

• Kamalpur Jotekanuragarh S K U S Limited Vs. ACIT, Circle-38, Medinipur

  Kolkata ‘SMC’ Bench, Kolkata benchAY 2017-18Partly Allowed

• TamilNadu State Marketing Corporation Ltd. v. The Assistant Commissioner of Income Tax

  Chennai bench

• Nisha Bhradwaj vs. ITO

  Jaipur bench

• Islampur C.S. Shop 2

  Kolkata Bench benchAY 2017-2018Allowed