Rasikkumar Punjiram Thakkar vs ITO, Ward-4, Patan

Parties Involved

Facts Summary

The assessee, Rasikkumar Punjiram Thakkar, has appealed against the order of the Commissioner of Income Tax (Appeal), National Faceless Appeal Centre (NFAC), Delhi dated 08.12.2023 for the Asst.Year 2017-18 passed under section 250 of the Income Tax Act, 1961. The assessee has challenged the addition of Rs.26,55,500/- being unexplained cash deposits in the bank under section 69A of the Act. Additionally, the assessee has raised a primary issue challenging the order of the Commissioner of Income Tax (Appeal) being passed without providing adequate opportunity to the assessee, thereby violating the principle of natural justice.…

Legal Issues

• 1. Challenge to addition of unexplained cash deposits in the bank under section 69A of the Act.
• 2. Challenge to the order of the Commissioner of Income Tax (Appeal) being passed without providing adequate opportunity to the assessee.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

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