ITAT upholds enhancement by CIT(A) as addition were based on facts & not mere suspicion

Amit Kumar Bhati Vs ITO (ITAT Delhi)

In the case of Amit Kumar Bhati vs. ITO (ITAT Delhi), the appeal arose from an assessment year 2010-11 where the Assessing Officer (AO) initiated proceedings under section 147 of the Income Tax Act, 1961, based on information regarding cash deposits and bank transactions by the assessee, who had not filed an income tax return. The AO issued a notice under section 148, prompting the assessee to declare an income of Rs. 46,100/-.

The AO noted significant cash deposits and transactions totaling Rs. 1,98,59,760/- in the assessee’s bank

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