Sachin Agarwal Vs ACIT, Circle-2, Siliguri

Parties Involved

Facts Summary

The appeal by Sachin Agarwal is against the order of the Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi dated 13.02.2024 for Assessment Year 2017-18. The appeal involves two issues: the addition of Rs.27,39,986/- representing the difference between the sales as per the VAT return and the sales as per the books of account, and the addition of Rs.30,23,000/- representing cash deposited during the demonetization period. The appellant argued that the assessment was a limited scrutiny assessment and the issue of the difference between the VAT return and the sales as per the books of account was not a point of the limited scrutiny nor had the Assessing Officer taken the appropriate permissions. The respondent supported the orders of the Assessing Officer and the Ld. CIT(A).…

Legal Issues

• 1. Addition of Rs.27,39,986/- representing the difference between the sales as per the VAT return and the sales as per the books of account.
• 2. Addition of Rs.30,23,000/- representing cash deposited during the demonetization period.

Judgment Outcome

Decided in favour of Assessee.

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