Sri Utpal Das Vs. ITO, Ward-1(3), Burdwan

Parties Involved

Facts Summary

Sri Utpal Das, the assessee, filed a return of income declaring a total income of Rs. 2,50,250/- for the Assessment Year 2012-13. The Assessing Officer (AO) observed that Utpal Das was the beneficiary of cash deposits of Rs. 70,50,000/- in the bank account of Smt. Mira Indra. The AO issued a notice under section 148 of the Act and treated the cash deposits as undisclosed income, assessing the income at Rs. 3,50,252/-. The Commissioner of Income Tax (Appeals) confirmed the AO's order. The assessee appealed against the order, arguing that the reopening of assessment was invalid as it was based on borrowed satisfaction without independent application of mind.…

Legal Issues

• 1. Whether the reopening of assessment u/s 147 of the Act was valid.

Judgment Outcome

Decided in favour of Assessee.

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