Vyavasaya Seva Sahakari Sangha vs. The Income Tax Officer

Parties Involved

Facts Summary

This case involves an appeal filed by the assessee against the order passed by the NFAC, Delhi dated 08/06/2024 in DIN No. ITBA/NFAC/S/250/2024-25/1065488540(1) for the assessment year 2018-19. The assessee deposited a large sum of cash in their bank account, the source of which was not explained. The Assessing Officer invoked the provisions of sec. 69A of the Act and added the amount to the total income of the assessee. The CIT(A) dismissed the appeal of the assessee as non-maintainable due to a delay in filing the appeal of 184 days. The assessee appealed to the ITAT, arguing that the entire income was deductible under sec. 80P(2)(a)(i) of the Act and that they were under the bona-fide belief that they were not liable to file the Income-tax return.…

Legal Issues

• 1. Whether the assessee's appeal should be dismissed for delay in filing?
• 2. Whether the revenue authorities exceeded their jurisdiction by framing the assessment in an arbitrary manner?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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