ACIT Vs. Trilok Chaudhary

Parties Involved

Facts Summary

The case involves two appeals filed by the Department against the orders of the Ld. CIT(A) dated 31/01/2024 (A.Y 2012-13) and 06/12/2023 (A.Y 2017-18). The Assessee, Trilok Chaudhary, filed returns of income declaring specific amounts. A search and seizure operation was conducted, leading to the seizure of documents and the Assessee's surrender of Rs. 15 crore. The Assessing Officer (AO) made additions to the Assessee's income based on certain sections of the Income Tax Act. The Assessee appeale…

Legal Issues

• 1. Whether the Ld. CIT(A) erred in deleting the addition of Rs. 10 crores made on account of unexplained cash.
• 2. Whether the Ld. CIT(A) erred in not affording an opportunity to the Revenue to examine additional evidence.

Precedents Relied Upon

4 precedents cited in this judgement.

Judgment Outcome