Sunil Ambalavelil Raju Vs Income Tax Officer, Ward-60(5), New Delhi
Case No: ITA No. 1123/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘E’, New Delhi
Date: 1/21/2026
Parties Involved
appellantSunil Ambalavelil Raju
respondentIncome Tax Officer, Ward-60(5), New Delhi
Facts Summary
The case involves an appeal by Sunil Ambalavelil Raju against the order of the CIT(A)-43, Delhi for Assessment Year 2018-19. The assessee had deposits amounting to Rs.2,51,90,728/- which were treated as unexplained by the lower authorities. The deposits included Rs.51,7988/- with interest of Rs.1,798/-, a time deposit of Rs.1,00,30,000/- in M/s Yes Bank, Rs.1,50,06,632/- in M/s ICICI Bank, and Rs.1,00,500/- in Canara Bank. The Revenue argued that these deposits were unexplained under sections 68…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the deposits amounting to Rs.2,51,90,728/- should be treated as unexplained under sections 68 & 69A r.w.s. 115BBE of the Income Tax Act, 1961.
Precedents Relied Upon
2 precedents cited in this judgement.