Vishnu Purohit Vs. ITO, Ward-61(1), Kolkata
Case No: I.T.A. No. 630/Kol/2024
Court: Income Tax Appellate Tribunal (ITAT), 'A' Bench, Kolkata
Date: 3/26/2025
Parties Involved
AppellantVishnu Purohit
RespondentITO, Ward-61(1), Kolkata
Facts Summary
The assessee, Vishnu Purohit, an individual, did not file his return of income for the assessment year 2016-17 as his income was below the taxable limit. However, the Assessing Officer (AO) reopened the case based on information from the Investigation Wing and issued a notice under section 148 of the Income Tax Act. In response, the assessee filed a return declaring a total income of Rs. 23,760/-. The assessee claimed that a cash deposit of Rs. 3,08,01,906/- was towards sales and had been accoun…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the AO was justified in adding the cash deposit of Rs. 3,65,18,293/- to the assessee's income without sufficient corroborative evidence.