Addition of Rs.19 Lakh ‘unexplained money’ with Golgappa Vendor was remanded back

Sunny Vs ITO (ITAT Chandigarh)

Conclusion: Addition of Rs.19,07,000 as unexplained money for an individual who ran a small golgappa stall was remanded back for providing an opportunity of personal hearing as both the assessment order under Section 144 as well as first appellate order under Section 250(6) were not meritorious in nature.

Held: Assessee-individual ran a small golgappa stall. During the assessment Year (A.Y.) 2017-18, assessee deposited Rs.19,07,000 in his bank accounts. He  was served with notices under Section 142(1) of the I

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