Satnam Singh Vs. CIT(A)

Parties Involved

Facts Summary

The appeal in ITA No.2630/Del/2024 for AY 2017-18 arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi in Appeal No. ITBA/NFAC/S/250/2023-24/1063449223(1) dated 27.03.2024 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 dated 12.11.2019 by ITO, Ward-36(1), Delhi. The only issue to be decided in this appeal is challenging the addition of Rs. 23,25,500/- made on account of cash deposits in the bank account. The assessee had given an explanation both before the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) (CIT(A)) regarding the source of the cash deposits, which was reproduced in the orders of the lower authorities.…

Legal Issues

• 1. Challenging the addition of Rs. 23,25,500/- made on account of cash deposits in the bank account.

Judgment Outcome

Decided in favour of Assessee.

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