Error in linking of PAN in Bank Account – ITAT deletes addition

Kishan Singh & Associates Vs ITO (ITAT Delhi) The case involved an addition of Rs. 10,00,000/- made by the Assessing Officer under sections 69A and 115BBE of the Income Tax Act, due to the non-filing of Return of Income. Analysis: The dispute arose from an error where the PAN of a dissolved partnership firm, M/s Kishan Singh & Associates, was linked with a bank account instead of the PAN of the proprietorship firm run by Ms. Arti Chauhan. The appellant argued that the cash deposits had been declared in the ITR of the proprietorship firm, but the AO rejected the claim and added the cash...