IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT AND SHRI VINAY BHAMORE, JUDICIAL MEMBER Assessment year : 2015-16 Vishnu Subhash Agarwal ITO, Ward 6(1), Pune

208, Mangalwar Peth, Kasba Peth S.O, Vs.

Pune – 411011 PAN: APYPA0686B (Appellant) (Respondent)

Assessee by : Shri Neelesh Khandelwal Department by : Shri Arvind Desai, Addl CIT DR Date of hearing : 27-03-2025 Date of pronouncement : 25-04-2025

O R D E R

PER R. K. PANDA, VP :

This appeal filed by the assessee is directed against the order dated

15.10.2024 of the Ld. CIT(A) / NFAC, Delhi relating to assessment year 2015-16.

2. Facts of the case, in brief, are that the assessee is an individual and has filed his return of income u/s 139 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) on 05.04.2016 declaring total income of Rs.2,83,490/-. Information was received that the assessee has deposited cash amounting to Rs.2,05,80,344/- in his account maintained with Shri Renuka Mata Multi State Urban Co-operative Credit Society Ltd. Accordingly, the case was reopened by issuing a notice u/s 148 of the Act on 08.04.2021 by following the provisions of Taxation and Other Laws (