Silverster Sijin Albert Vs. The Income Tax Officer, Ward-1, Nagercoil
Case No: ITA No.3328/Chny/2025
Court: Income Tax Appellate Tribunal ‘B’ Bench: Chennai
Date: 1/29/2026
Parties Involved
appellantSilverster Sijin Albert
respondentThe Income Tax Officer, Ward-1, Nagercoil
Facts Summary
The assessee, Silverster Sijin Albert, is an individual acting as an agent for Hinduja Leyland Finance, a non-banking financial company. He facilitates loan processes and repayments. During these transactions, loan amounts are routed through his bank account. The Assessing Officer (AO) received information about cash transactions amounting to Rs. 11,75,37,554/- while the turnover reported by the assessee was Rs. 12,36,510/-. The AO believed that the differential amount had escaped assessment and…
Decision in favour of
Assessee
Legal Issues
- 1. Whether there is a reasonable cause for the delay in filing the appeal before the CIT(A).
- 2. Whether the addition made by the AO is justified.