NITIN MADHUKAR MAHAJAN,VADODARA V. INCOME TAX OFFICER WARD 1(4), BHARUCH

ITA 648/SRT/2024

AI Insights

This case involves an appeal by Nitin Madhukar Mahajan against the order of the National Faceless Appeal Centre (NFAC), which upheld the addition of Rs. 30,75,000 to the assessee's income for the assessment year 2010-11. The addition was made by the assessing officer due to unexplained cash deposits in the assessee's bank account with Axis Bank. The assessee claimed that the deposits were from legitimate sources including sale proceeds of a car, loans from friends and relatives, and gifts from family. However, the assessee failed to provide relevant documents to substantiate these claims at the initial stages of assessment and appeal. The Tribunal, acknowledging the assessee's request for a further opportunity to present documents, partly allowed the appeal and directed the JAO to verify the new evidences before finalizing the assessment.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 831249 (ITAT-SURAT)
• Duration Of Justice: 1 year(s) 7 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-01-2026
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: SMC
• Assessment Year: misc
• Appeal Filed On: 04-06-2024
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: ASHISH KUMAR
• Assessee Lawyers: NITIN MADHUKAR MAHAJAN
• Keywords: Gift

Judgement Text

" IN THE INCOME TAX APPELLATE TRIBUNAL SURAT “SMC” BENCH, SURAT BEFORE DR. B.R.R. KUMAR, VICE-PRESIDENT AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER I.T.A. No. 648/SRT/2024 (Assessment Year: 2010-11) Nitin Madhukar Mahajan, G-4,Yogi Krupa Society, Harni Warasiya Ring Road, Opp. Shredi Nagar, Vadodara-390006 PAN : AQQPM2181G Vs. The ITO, Ward-1(4), Bharuch (Appellant) .. (Respondent) Appellant by : Shri Nitin Madhukar Mahajan (Assessee) Respondent by: Shri Ashish Kumar, Sr. D.R. Date of Hearing 19.01.2026 Date of Pronouncement 21.01.2026 O R D E R PER SUCHITRA KAMBLE, JUDICIAL MEMBER:- This is an appeal filed against the order dated 05-04-2024 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2010-11. 2. The assessing Officer made an addition of Rs. 30,75,000/- in respect of cash deposits made in the bank account with Axis Bank. The assessee submitted that these are the amounts earned by the assessee through sale proceeds of car, loan borrowed from friends and relatives, gift received from father in law and brother. However, neither before the A.O. nor before the ld. CIT(A) the assessee has not given any relevant documents. It was prayed that given an opportunity the assessee would produce all the documents before the JAO, the prayer of the ld. A.R. is acceded Printed from counselvise.com ITA No. 648/Srt/2024 Nitin Madhukar Mahajan Vs. ITO Asst. Year : 2010-11 - 2– to directing the JAO to verify the evidences and then pass the assessment order. 3. In the result, the appeal of the assessee is partly allowed for statistical purposes. The order is pronounced in the open Court on 21.01.2026 /- Sd/- Sd/- (DR. B.R.R. KUMAR) (SUCHITRA KAMBLE) VICE-PRESIDENT JUDICIAL MEMBER Surat; Dated 21/01/2026 ak आदेश की \u0007ितिलिप अ ेिषत/ / / /Copy of the Order forwarded to : 1. अपीलाथ\u0011 / The Appellant 2. \u0007\u0012थ\u0011 / The Respondent. 3. संबंिधत आयकर आयु\u001a / Concerned CIT 4. आयकर आयु\u001a ) ) ) ) अपील ( ( ( ( / The CIT(A)- 5. िवभागीय \u0007ितिनिध , , , , आयकर अपीलीय अिधकरण , , , , /DR,ITAT, Surat, 6. गाड! फाईल / / / / Guard file. आदेशानुसार/ BY ORDER, TRUE COPY सहायक पंजीकार (Asstt. Registrar) आयकर अपीलीय अिधकरण ITAT, Surat Printed from counselvise.com "