ITAT Kolkata deletes Addition for Unexplained Cash Deposit not belonging to Assessee

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 base

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