Assessment Year: 2011-12
Case Filed On: 2020-02-14
Date of Order: 2023-09-25
Pronounced On: 2023-09-25
Order Type: Final Tribunal Order
The case of Yogendra Kumar Sharma (appellant), represented posthumously by his legal heir Smt. Madhu Sharma, was filed against the JCIT, Range-61, New Delhi (respondent). This appeal was filed against the order of the Commissioner of Income Tax, Delhi dated 29.11.2019 for the assessment year 2011-12. The main issue in the appeal was the addition of Rs.22,52,200/- as alleged undisclosed cash receipts.
The tribunal found several key points:
The tribunal concluded that the AO’s addition of Rs.22,52,200/- was not entirely justified. The total acceptable cash deposits were determined to be Rs.18,61,950/-, and the addition was reduced to Rs.16,050/-. The appeal was thus partly allowed.
The detailed judgment and findings highlight the importance of thorough documentation and fair consideration of the appellant’s submissions. The order underscores the principles of natural justice and careful examination of the evidence provided by the appellant.
In light of the findings, the tribunal directed the AO to allow credit of Rs.18,61,950/-, reducing the addition to Rs.16,050/-. The appeal by Yogendra Kumar Sharma was partly allowed.
Order pronounced in the open court on 25/09/2023.
Signed,
Chandra Mohan Garg,
Judicial Member
Date: 25.09.2023
By Order
Assistant Registrar, ITAT: Delhi Benches-Delhi
Appeal by Yogendra Kumar Sharma in ITA 801/DEL/2020 against JCIT
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