ITAT Deletes ₹19.04 Lakh Addition: Agent’s Cash Deposits Were Company Collections

Shyam Singh Hetta Vs ITO (ITAT Chandigarh) The case involved an appeal filed by the assessee, Shyam Singh Hetta, a resident individual engaged as a private contractor, retail trader, and commission agent with DTM Pvt. Ltd. The appeal was directed against the order of the Ld. Commissioner of Income-tax (Appeals), NFAC, Delhi [“CIT(A)”] dated March 20, 2024, for the assessment year 2017-18. Background and Lower Authority Orders The assessee had filed a return of income for A.Y. 2017-18 declaring a total income of ₹2,95,760/-. The case was selected for scrutiny due to large cash deposits ma...