Tapan Kumar Nath Vs ITO, Ward-22(2), Kolkata

Parties Involved

Facts Summary

The appeal by the assessee, Tapan Kumar Nath, is against the order of the Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi, passed on 16.01.2024 under section 250 of the Income Tax Act, 1961 for Assessment Year 2017-18. The assessee's appeal was initially deemed time-barred by 251 days, but an application for condonation of delay was filed and accepted by the Tribunal. The assessee raised several grounds of appeal, including non-representation before the Ld. CIT(A), disallowance of Rs.1,00,51,080/- on account of unexplained cash credit, and disallowance of Rs.1,31,500/- due to deposits in UCO Bank, Budge Budge Branch.…

Legal Issues

• 1. Non-representation before the Ld. CIT(A)
• 2. Disallowance of Rs.1,00,51,080/- on account of unexplained cash credit
• 3. Disallowance of Rs.1,31,500/- due to deposits in UCO Bank, Budge Budge Branch

Judgment Outcome

Decided in favour of Assessee.

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