Tapas Kundu
Case No: ITA No. 1819/KOL/2025
Court: Income Tax Appellate Tribunal, 'SMC' Bench, Kolkata
Date: 12/12/2025
Parties Involved
appellantTapas Kundu
respondentIncome Tax Officer
Facts Summary
The assessee, Tapas Kundu, an individual, filed his return of income for Assessment Year 2017-2018 disclosing a total income of Rs.9,50,070/-. His return was processed under section 143(1) of the Income Tax Act, 1961 and selected for limited scrutiny due to cash deposits during the demonetization period. Notices under sections 143(2) and 142(1) were issued, and the assessee furnished details and evidences electronically and physically. The assessee showed Rs.11,00,070/- as his gross total income…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the cash deposit of Rs.39,22,500/- during demonetization is from undisclosed income.
- 2. Whether the cash deposit should be taxed under section 115BBE of the Act.
Precedents Relied Upon
3 precedents cited in this judgement.