ITAT Delhi Partly Allows Appeal on Unexplained Cash Deposits

Deepak Goyal Vs ITO (ITAT Delhi) In the case of Deepak Goyal vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT), Delhi, addressed the issue of unexplained cash deposits under Section 69A of the Income Tax Act, 1961, for the Assessment Year 2017–18. The appeal arose from an order passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (CIT(A)/NFAC) on November 30, 2023, upholding an addition of ₹10,97,300 to the assessee’s income. The ITAT proceeded ex-parte as the assessee failed to appear despite being called twice. The Revenue’s cont...