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ITAT deletes addition for cash deposit linked to Sale of Property
Case Law Details
- Case Name
- D. Ramagopal Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Chennai
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D. Ramagopal Vs ACIT (ITAT Chennai)
he case of D. Ramagopal vs. ACIT (ITAT Chennai) revolves around various issues concerning the computation of capital gains, treatment of cash deposits in bank accounts, and the declaration of agricultural income for the Assessment Year (AY) 2011-12. The appellant, Mr. D. Ramagopal, contested the decision of the Commissioner of Income Tax (Appeals)-19, Chennai [CIT(A)], which upheld certain additions made by the Assessing Officer (AO) in the assessment order.
The key points of contention raised by the appellant were as follows:
Computation o...
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