Thangavel Manokaran vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee, Thangavel Manokaran, filed an appeal against the order passed by the Commissioner of Income Tax (Appeals) for the assessment year 2017-18. The appeal was filed with a delay of 2 days, which was condoned by the tribunal. The assessee argued that the cash deposits made during the demonetization period should be treated as part of sales turnover, rather than being treated as unexplained money. The tribunal found that the Assessing Officer had incorrectly held the cash deposits as not part of sales turnover and set aside the order of the Commissioner of Income Tax (Appeals).…

Legal Issues

• 1. Whether the Commissioner of Income Tax (Appeals) is justified in confirming the order of the Assessing Officer ignoring the entire credits as part of turnover.

Judgment Outcome

Decided in favour of Assessee.

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