The case involves Ashok Kumar Singh, a resident of New Delhi, against the Income Tax Officer, Ward-31(4), New Delhi. Filed concerning the assessment year 2011-12, the appeal challenges additional tax assessments based on alleged discrepancies in cash deposits.
The appeal was filed in response to the order dated November 25, 2019, by the CIT(A)-11, New Delhi. The core issue revolved around a disallowance of Rs. 7,36,000 made from cash deposits, which the appellant contended were derived from the sale of land by his father.
The tribunal, after reviewing the case, upheld the CIT(A)’s decision, noting that Singh failed to provide sufficient documentary evidence to substantiate the source of the cash deposits. Despite multiple opportunities, no representation was made on behalf of the appellant during the hearings, leading to a decision based on the materials available on record.
This case highlights the importance of providing comprehensive and substantiated documentation when contesting tax assessments. The tribunal’s decision underscores the necessity for taxpayers to provide clear and convincing evidence of their claims. The outcome not only affirmed the tax authority’s position but also highlighted the procedural responsibilities of taxpayers in contesting assessments.
Order pronounced in the open court on April 28, 2022.
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