Shri Ravi Shankar Singhal Vs. ITO-4(5), Raipur

Parties Involved

Facts Summary

Shri Ravi Shankar Singhal filed an appeal against the order passed by the Commissioner of Income-Tax (Appeals), National Faceless Appeal Center (NFAC), Delhi, dated 27.09.2023, which arose from the order passed by the Assessing Officer under Section 144 of the Income-tax Act, 1961 for the assessment year 2017-18. The assessee had e-filed his return of income for A.Y. 2017-18 on 06.12.2017, declaring an income of Rs.3,30,720/-. During the assessment proceedings, it was observed that the assessee had made cash deposits of Rs.1,98,20,000/- in his bank account. As the assessee failed to provide an explanation for the cash deposits, the Assessing Officer held the entire amount as unexplained money under Section 69A of the Act. The assessee carried the matter in appeal before the CIT(Appeals) but without success as the appeal was dismissed ex-parte due to the assessee's failure to comply with the notices issued by the CIT(Appeals). The assessee then filed an appeal before the Income Tax Appellate Tribunal, Raipur Bench.…

Legal Issues

• 1. Whether the assessee was properly served with notices/communications regarding the appeal?
• 2. Whether the addition of Rs.1,98,20,000/- made by the Assessing Officer was justified?
• 3. Whether the order passed by the CIT(Appeals) was in violation of the principles of natural justice?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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