Addition Deleted as Clerical Mistake Doesn’t Overrule Substantive Evidence

Harkesh Singh Vs ITO (ITAT Chandigarh) The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, adjudicated an appeal filed by the assessee against the order of the Ld. CIT(A)/NFAC, Delhi, dated 18.09.2024, concerning the assessment year 2011-12. The appeal arose from a reopening of assessment under Section 147 of the Income Tax Act, 1961, based on information regarding total cash deposits of Rs. 60,02,625/- in the assessee’s savings account at the State Bank of India during the financial year 2010-11. The assessee had declared only agricultural income of Rs. 1,28,560/- in the original re...