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ITAT Kolkata deletes Addition for Unexplained Cash Deposit not belonging to Assessee
Case Law Details
- Case Name
- Rotluanga Stephen Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Kolkata
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Rotluanga Stephen Vs ITO (ITAT Kolkata)
In Rotluanga Stephen vs. ITO, the ITAT Kolkata addressed two appeals related to an addition of ₹8,27,933 under Section 69A of the Income Tax Act, 1961, and a penalty of ₹63,957 under Section 271AAC(1). The Assessing Officer (AO) had treated the cash deposits in a Federal Bank account as unexplained, attributing them to the assessee, a Catholic Bishop and senior citizen. However, the bank account in question was in the name of Seva Kendra, Silchar, a society for which the assessee acted as chairperson. The AO’s addition was based so...
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