Rampur grain trader deposited ₹5.2 crore, wins tax case in ITAT Delhi
In short
A grain trader from Rampur put ₹5.2 crore cash into his bank account and filed an income tax return showing ₹7.65 lakh income. He later won his case in ITAT Delhi.
This matters because the tax department had flagged the deposits as unexplained. The report does not say why the tribunal ruled for him or what tax he will finally pay.
What the reporting says
A grain trader from Rampur deposited ₹5.2 crore cash in his bank account and filed an ITR declaring ₹7.65 lakh income, then won his case in ITAT Delhi, according to the publisher-supplied summary. The notice was tied to unexplained deposit concerns raised by the tax system. The reporting does not state the tribunal’s reasoning, the tax year, or the final tax impact.
Why it matters
The summary says a grain trader from Rampur deposited ₹5.2 crore cash in a bank account and reported ₹7.65 lakh income in his ITR, which triggered an unexplained deposit notice. He later won the case in ITAT Delhi. The reporting does not state the legal grounds, whether the ruling is final, or any tax demand amount.