MOHAN NAVEEN, CHENNAI V. ITO,NON CORPORATE WARD 10[3], CHENNAI

ITA 339/CHNY/2022

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 4746 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-06-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2017-2018
• Appeal Filed On: 12-05-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अिधकरण ‘बी’ ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI माननीय +ी वी. द ु गा1 राव, ाियक सद3 एवं माननीय +ी मनोज कु मार अ8वाल ,लेखा सद3 के सम:। BEFORE HON’BLE SHRI V. DURGA RAO, JUDICIAL MEMBER AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No.339/Chny/2022 (िनधा1रण वष1 / Assessment Year: 2017-18) Shri Mohan Naveen 15A, Janakiram Nagar, 1 st Main Road, Perampur, Chennai-600 011. बनाम/ V s. ITO, Non Corporate Ward-10(3), Chennai. थायी लेखा सं./जीआइ आर सं./P AN /GI R No . AGK P N -1 4 9 4 -P (अपीलाथ /Appellant) : ( थ / Respondent) अपीलाथ की ओरसे/ Appellant by : Shri I. Dinesh (Advocate) – Ld. AR थ की ओरसे/Respondent by : Shri Prakash P. Kishinchandani (JCIT) – Ld. DR सुनवाई की तारीख/Date of Hearing : 22-06-2022 घोषणा की तारीख /Date of Pronouncement : 22-06-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aggrieved by confirmation of certain addition of Rs.15 Lacs u/s 69A for Assessment Year (AY) 2017-18, the assessee is in further appeal before us. The ld. Sr. DR pleaded for dismissal of the appeal on the ground that requisite details were not furnished by the assessee. The Ld. AR, on the other hand, sought, another opportunity to substantiate the transactions. 2. The impugned addition was made since it was found by Ld. AO that the assessee made cash deposit of Rs.15.86 Lacs in a bank ITA No.339 /Chny/2022 - 2 - account maintained with ICICI Bank. In the absence of satisfactory explanation forthcoming from the assessee, the amount of Rs.15 Lacs was added u/s 69A. The Ld. CIT(A) confirmed the addition in the absence of any satisfactory reply from assessee. Aggrieved, the assessee is in further appeal before us. 3. We find that the onus to establish the source of cash deposit could not be discharged by the assessee. Considering the fact that no details were submitted by the assessee during first appellate proceedings, we set aside the impugned order dated 30.03.2022 and restore the matter back to the file of ld. CIT(A) for fresh adjudication after affording adequate opportunity of hearing the assessee. The assessee is directed to substantiate the source of deposit failing which Ld. CIT(A) shall be at liberty to proceed with adjudication on the basis of material on record. 4. The appeal stand allowed for statistical purposes. Order pronounced on 22 nd June, 2022. Sd/- (V. DURGA RAO) ाियक सद3 /JUDICIAL MEMBER Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद3 / ACCOUNTANT MEMBER चे)ई / Chennai; िदनांक / Dated : 22-06-2022 EDN/- आदेश की Uितिलिप अ 8ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. यथ /Respondent 3. आयकर आयु (अपील)/CIT(A) 4. आयकर आयु /CIT 5. िवभागीय ितिनिध/DR 6. गाड फाईल/GF