This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
₹2.53 Cr Bank Deposit Addition Without Verification: ITAT Remands case
Case Law Details
- Case Name
- Bhupendra Singh Vs ITO (ITAT Jabalpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Jabalpur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Bhupendra Singh Vs ITO (ITAT Jabalpur)
₹2.53 Cr Deposits by Agriculturist-Addition Without Verification – ITAT Jabalpur Restores Matter for Fresh Assessment
Assessee, an agriculturist, was found to have deposited ₹88.69 lakh in bank accounts during demonetisation period. AO reopened assessment u/s 147 by issuing notice u/s 148 on 29/03/2021. As there was non-compliance, AO proceeded ex parte u/s 144/147 & assessed total income at ₹3.30 crore, treating total bank deposits of ₹2.53 crore as unexplained. CIT(A) upheld the addition ex parte, dismissing appeal without...
Author Info
