Sh. Bhupendra Meena vs. ITO

Parties Involved

Facts Summary

The assessee, Sh. Bhupendra Meena, was employed with Aravali Micro Finance and engaged in executing small civil construction work. He filed his income return for the assessment year 2016-17 on 07.11.2017, declaring a total income of Rs. 4,25,340/-. The Assessing Officer (AO) noted that the assessee had made a cash deposit of Rs. 57,86,525/- during the relevant financial year. The assessee failed to provide a satisfactory explanation for the source and nature of these cash deposits. Consequently, the AO treated the cash deposit of Rs. 56,99,685/- as unexplained income under section 69A of the Income Tax Act, 1961. The assessee appealed against this order to the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which dismissed the appeal ex-parte due to the assessee's failure to respond to notices. The assessee further appealed to the Income Tax Appellate Tribunal (ITAT), Jaipur.…

Legal Issues

• 1. Whether the ld. CIT(A), NFAC erred on facts and in law in deciding the appeal without providing reasonable opportunity of hearing?
• 2. Whether the ld. CIT(A), NFAC erred on facts and in law in confirming the addition of Rs. 56,99,685/- u/s 69A of IT Act by treating the cash deposit as unexplained income?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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