INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C”: NEW DELHI BEFORE SHRI C. N. PRASAD, JUDICIAL MEMBER AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER ITA No. 3505/Del/2023 (Assessment Year: 2018-19)

Kailash Gahlot, Vs. DCIT, C-6/6172, Vasant Kunj, Central Circle-4, New Delhi Delhi (Appellant) (Respondent)

PAN:AAJPG2849N Assessee by : Shri Vinod Bindal, CA Ms. Rinky Sharma, AR Revenue by: Mr. Waseem Arshad, CIT DR Date of Hearing 05/07/2024 Date of pronouncement 08/07/2024 O R D E R PER M. BALAGANESH, A. M.:

1. The appeal in ITA No.3505/Del/2023 for AY 2018-19, arises out of the order of the Commissioner of Income Tax (Appeals)-23, New Delhi [hereinafter referred to as ‘ld. CIT(A)’, in short] in Appeal No. 23/10259/2017-18 dated 27.10.2022 against the order of assessment passed u/s 153A r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) dated 21.04.2021 by the Assessing Officer, DCIT, Central Circle-4, Delhi (hereinafter referred to as ‘ld. AO’).

2. The only issue to be decided in this appeal is as to whether the ld CIT(A) was justified in upholding the addition made on account of unexplained money in the sum of ₹5 lakhs u/s 69A r.w.s 115BBE of the Act in the facts