Shri Neeraj Dhama Vs. The Income-tax Officer

Parties Involved

Facts Summary

The assessee, Shri Neeraj Dhama, had made a cash deposit amounting to Rs. 27,79,530/- including interest in his bank account maintained with the ICICI. The Assessing Officer treated this cash deposit as unexplained income from undisclosed sources since the assessee had not filed his return of income. The source of the cash deposit remained unexplained, and the case was reopened under section 147 of the Income-tax Act, 1961. The assessee did not attend or file any written submissions in response to the notices issued by the Assessing Officer. Consequently, the Assessing Officer made an addition of Rs. 27,79,530/- as undisclosed income. The assessee appealed to the Commissioner of Income Tax (Appeals) who dismissed the appeal. The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the addition of Rs. 29,89,717/- made by the Assessing Officer as unexplained income should be confirmed?

Judgment Outcome

Decided in favour of Assessee.

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