TUFEL Vs. The Income tax Officer
Case No: ITA No. 3293/DEL/2024 [A.Y. 2017-18]
Court: Income Tax Appellate Tribunal, Delhi 'A' Bench
Bench: Delhi 'A' Bench
Date: 2/4/2026
Parties Involved
applicantTUFEL
respondentThe Income tax Officer
Facts Summary
The assessee is an individual residing in a rural village and engaged in operating his own three Trucks for transportation business. The AO received an information that the assessee had credits in Bank account of Rs 65,69,191/- including cash deposit in HDFC and ICICI Bank of Rs. 12,40,000/- during the demonetization period and that the assessee had not filed any return of income u/s.139(1) for the A.Y 2017-18. Thereafter notice u/s 142(1) of the Act dated 13/03/2018 was issued for filing the re…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.22,87,991/- made u/s.69A
- 2. Application of higher rate of tax u/s.115BBE
Precedents Relied Upon
6 precedents cited in this judgement.