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INCOME TAX APPELLATE TRIBUNAL (LUCKNOW BENCH)
Shri. Sudhanshu Srivastava, Shri Anadee Nath Misshra, JJ
MANOJ DWIVEDI LUCKNOW – Appellant
Versus
ITO-3(2) LUCKNOW – Respondent
| Table of Content |
|---|
| 1. cash deposits during demonetization (Para 3) |
| 2. grounds of appeal raised (Para 4) |
| 3. nfac dismissed appeal for delay (Para 5) |
| 4. no objection to restoration (Para 6) |
| 5. restoration of appeal for merits (Para 7) |
| 6. appeal stands allowed (Para 8) |
ORDER
PER SUDHANSHU SRIVASTAVA, J.M.:
This appeal has been preferred by the assessee against order dated 28.11.2024, passed by the National Faceless appeal Centre, Delhi (NFAC) for Assessment Year 2017-18.
2. The brief facts of the case are that the assessee filed his return of income for the year under consideration on 31.03.2018, declaring a total income of Rs.6,00,000/-. The case of the assessee was selected for scrutiny under CASS on the basis of cash deposits during the demonetization period. The Income Tax Department was in possession of information that the assessee had made cash deposits to the tune of Rs.8,00,000/- in his Bank Account No.9160200270001 maintained with Axis Bank during the demonetization period and further that another amount of Rs.36,90,000/- was deposited by M/s Samadhan India Pvt. Ltd. and Rs.55,85,000/- was deposited by M/s Abhisht Developers & Builders Pvt. Ltd. in Oriental Bank of Commerce against the
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