Govindbhai Sanabhai Rathva Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that addition under section 69A of the Income Tax Act towards unexplained income sustained since assessee all throughout remained evasive and non-compliant.
Facts- During the course of assessment proceedings, AO noticed that there was cash deposit of Rs. 36,48,000/- and credit entries of Rs. 21,93,269/-. AO observed that inspite of repeated reminders, assessee failed to submit the reply. Accordingly, AO made addition of Rs. 58,41,269/- under section 69A of the Income Tax Act.
CIT(A) confirmed the addition and dismissed the appeal. Being aggrieved, the present appeal is filed.
Conclusion- Held that the assessee has all throughout remained evasive and non-compliant, we are of the considered view that Ld. CIT(Appeals) has correctly upheld the order of the Assessing Officer. Accordingly, we find no infirmity in the order of Ld. CIT(Appeals) so as to call for interference. Thus, addition under section 69A of the Income Tax Act towards unexplained income sustained.
FULL TEXT OF THE ORDER OF ITAT AHMEDABAD
This appeal is filed by the assessee against the order dated 30.04.2022 passed by the Ld. Commissioner of Income Tax (Appeals), (in short “Ld. CIT(A)”), National Faceless Appeal Centre (in short “NFAC”), Delhi, for the Assessment Year 20 17-18.
