DCIT, Central, Circle -1 Indore vs Suryaansh Porwal

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2025 Supreme(Online)(ITAT) 4171

INCOME TAX APPELLATE TRIBUNAL (INDORE BENCH)
B.M. BIYANI, AM, PARESH M. JOSHI, JM
DCIT, Central, Circle -1 Indore – Appellant
Versus
Suryaansh Porwal – Respondent

Advocates:
For the Appellants/Petitioners: Shri Ram Kumar Yadav, Shri Anoop Singh, CIT-DRs
For the Respondents:Shri Ashish Goyal, Advocate, Shri N.D. Patwa, Advocate, CA Ms. Shelly Maheshwari, ARs

आदेश/ORDER

Per Bench:

The captioned five (5) appeals are filed by revenue against a consolidated order of first-appeal dated 11.08.2023 passed by learned Commissioner of Income-tax (Appeals)-3, Bhopal [“CIT(A)”], which in turn arises out of a consolidated assessment-order dated 08.09.2022 passed by ACIT (Central)- 1, Indore [“AO”] u/ s 153A/ 143(3) of the Income-tax Act, 1961 [“the Act”] for five Assessment-Years [“AY”] 2017-18 to 2021-22.

2. The background facts leading to present appeals are such that the assessee is an individual deriving income from business and profession, interest and other sources. A search u/ s 132 was conducted upon “JRG Group” including assessee on 12.01.2021. Pursuant to search proceeding, the assessments of assessee were framed for six preceding AYs 2015-16 to 2020-21 u/ s 153A/ 143(3) and for current AY 2021-22 u/ s 143(3). Presently, in these five appeals, we are concerned with AYs 2017-18 to 2021-22 for which the AO made assessments after making certain additions as under:

	Natu re of addition	AY 2017-18	2018-19	2019-20	2020-21	2021-22
1	Unexplain ed deposi ts in Ban k A/ cs	1,03,97,125	1,25,66,600	80,03,915	25,86,500	99,85,900
2	Unexplain ed cash credit s	--	16,50,000	2