Case Number: ITA 1814/DEL/2022
Appellant: Himanshu Arora, H-24, New Govinda Pura, Delhi-110 051
Respondent: Income Tax Officer, Ward-58(1), New Delhi
Assessment Year: 2017-18
Result: 2017-18
Case Filed on: 2022-08-10
Order Type: Final Tribunal Order
Date of Order: 2023-09-13
Pronounced on: 2023-09-13
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘B’: NEW DELHI
BEFORE, SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER
ITA No.1814/Del/2022 (ASSESSMENT YEAR 2017-18)
Himanshu Arora, H-24, New Govinda Pura, Delhi-110 051 PAN-ASCPA 4713A
Vs. Income Tax Officer, Ward-58(1)
Appellant: Himanshu Arora
Respondent: Income Tax Officer, Ward-58(1)
Appellant by: None
Respondent by: Mr. T. James Singson, CIT -DR
Date of Hearing: 21/08/2023
Date of Pronouncement: 13/09/2023
PER M. BALAGANESH AM:
This appeal of the assessee arises out of the order of the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi in DIN & Order No. ITBA/NFAC/S/250/2022-23/1043458604(1), dated 16/06/2020 against the order passed by Income Tax Officer, Ward-58(1), Delhi u/s 143(3) of the Income Tax Act, 1961 on 24/12/2019 for the Assessment Year 2017-18.
None appeared on behalf of the assessee. Notice sent to the address mentioned in Form No.36 has been returned with postal remarks “no such person”. Hence, we proceed to dispose of this appeal on hearing the Ld. DR and based on material available on record.
The only effective issue to be decided in this appeal is as to whether the Ld. CIT(A), NFAC was justified in confirming the addition made u/s 69A of the Act in the sum of Rs.10,03,11,450/- towards alleged cash deposits in bank account in the facts and circumstances of the instant case.
We have heard the Ld. DR and perused the material available on record. The assessee is an individual engaged in the business of trading of fabric/textile in the name and style of HDS Enterprise. The return of income for AY 2017-18 was filed by the assessee on 01/11/2017 declaring total income of Rs.9,09,900/-. During the course of assessment proceedings, the Ld. AO asked the assessee to explain the source of cash deposits made during demonetization period in his bank account as under:
The assessee responded to the said query that the details that are available with the Ld. AO with regard to the cash deposits made, are incorrect and that the assessee has only deposited cash of Rs.1,23,05,000/- in his bank accounts.
…
Himanshu Arora vs. ITO Ward-58(1), New Delhi: Final Tribunal Order
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform