Surajpal Singh Rathod vs. DCIT

Parties Involved

Facts Summary

The assessee, Surajpal Singh Rathod, is a resident individual who derives income from salary and other sources. During a search and seizure operation conducted on RD Telinet Pvt. Ltd., a company where the assessee is a Director, a courier carrying Rs.3,50,000/- in cash was intercepted. The courier claimed the cash was sale consideration for mobile LCDs meant for the assessee. The assessee initially accepted the cash as sale consideration for LCD Touch combos sold to M/s. Bombay Store but later claimed the cash belonged to RD Telinet Pvt. Ltd. and was recorded in the company’s books. The Assessing Officer added the cash amount to the assessee’s income, which was contested in appeal.…

Legal Issues

• 1. Whether the addition of Rs.3,50,000/- as unexplained money under section 69A of the Income Tax Act, 1961 is justified.

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• Shri Sunil Kumar Sharma Vs. The Deputy Commissioner of Income Tax

  Bangalore benchAY 2018-19Partly Allowed

• Sundeep Dhuper vs. ACIT, Circle-3

  B Bench, Delhi benchAY 2008-09Allowed

• ITA No. 3415/Mum/2025 & CO No. 268/Mum/2025 (A.Y. 2014-15)

• Sanjay Gopaldas Bajaj Vs. ITO. Ward- 12(1)(1)

  Mumbai Bench ‘F’ benchAY 2015-16Partly Allowed

• Ramesh Deora vs. DCIT

  D Bench, Mumbai benchAY 2016-17Allowed

• Kishan Lal Vs. The NFAC

  Delhi ‘C’ Bench benchAY 2018-19Allowed