Surender Kumar vs ITO

Parties Involved

Facts Summary

The assessee, Surender Kumar, filed an income tax return declaring total income of INR 3,29,120/- for the assessment year 2018-19. The case was selected for complete scrutiny based on verification of transactions. The Assessing Officer (AO) made additions of INR 14,17,260/- as unexplained credit and INR 31,32,49,221/- as unexplained credit based on suspicious transactions in the assessee's bank account. The assessee did not provide any evidence to explain the source of these transactions. The assessee appealed against the order of the Commissioner of Income Tax (Appeals) who dismissed the appeal. The assessee further appealed to the Income Tax Appellate Tribunal (ITAT), Delhi, which also dismissed the appeal.…

Legal Issues

• 1. Whether the Assessing Officer was justified in making additions of INR 14,17,260/- and INR 31,32,49,221/-?
• 2. Whether the Commissioner of Income Tax (Appeals) and the Tribunal were justified in dismissing the appeal?

Judgment Outcome

Decided in favour of Assessee.

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