Amit Anand vs. ITO, WARD 36(1)
Case No: ITA No. 3980/Del/2025
Court: Income Tax Appellate Tribunal (Delhi Bench)
Bench: Delhi Bench
Date: 2/6/2026
Parties Involved
appellantAmit Anand
respondentITO, WARD 36(1)
Facts Summary
The assessee, Amit Anand, filed his return of income declaring income of Rs. 2,04,090/- for AY 2016-17. The case was selected for verification under the category High Risk CRIU/VRU Transactions. The department found that the assessee had taken accommodation/fictitious entry of Rs. 50,50,221/- from an entity controlled by Sh. Ashok Dalal. An investigation revealed that the bank account was operated by Sh. Ashok Dalal for routing unaccounted transactions. The assessee claimed the amount was receiv…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs. 50,90,000/- as unexplained credit u/s. 69A of the Act.