Shri Manjunatha Venkata Subrahmanya Dudyala vs. Asstt. C. I. T.

Parties Involved

Facts Summary

The assessee, Shri Manjunatha Venkata Subrahmanya Dudyala, filed his return of income for the Assessment Year 2015-16 on 13/01/2017 declaring total income of Rs.16,65,570/-. The case was selected for scrutiny to verify the source for cash deposits into the bank account. The Assessing Officer called upon the assessee to file necessary evidences to prove the source for cash deposits, but the assessee neither appeared nor filed any details. Therefore, the Assessing Officer passed a 'best judgment assessment' under section 144 of the I.T. Act, 1961 on 28/12/2017 and made an addition of Rs.15,83,000/- towards cash deposits under section 68 of the I.T. Act, 1961. The assessee preferred an appeal before the learned CIT (A), challenging the assessment order, but the CIT (A) dismissed the appeal and upheld the addition made by the Assessing Officer.…

Legal Issues

• 1. Jurisdiction of the Assessing Officer in assessing the income of the appellant.
• 2. Addition made by the Assessing Officer towards cash deposits under section 68 of the I.T. Act, 1961.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Amancherla Venkata Prabhakar Rao vs. Income Tax Officer

  Hyderabad bench

• Income Tax Officer, Ward-3(3)(5), Ahmedabad Vs. Sureshbhai Gafulbhai Valiya

  Ahmedabad bench

• Smt. Chandu Vijayalakshmi vs. Income Tax Officer

  Hyderabad bench

• ITA No 523 of 2024 Madhavapeddy Sudhakar

  Hyderabad bench

• DCIT, GHAZIABAD, VS. SALUJA OVERSEAS PVT. LTD.

  Delhi Bench ‘G’ New Delhi benchAY 2017-18Dismissed

• ITA No 838 of 2024 Raghavendra Bacha

  Hyderabad bench