Arifuddin Ahmed vs. ACIT, Central Circle – 1

Parties Involved

Facts Summary

The assessee, Arifuddin Ahmed, filed an appeal against the order of the Commissioner of Income Tax (Appeals), Central NER, Guwahati, dated 24.01.2024, which confirmed the additions made by the Assessing Officer under section 68 of the Income Tax Act, 1961. The assessee claimed depreciation on his Mercedes car, which was disallowed by the Assessing Officer based on a statement recorded during a survey. The assessee also claimed sundry creditors and other liabilities, which were disallowed by the Assessing Officer. The assessee appealed to the Income Tax Appellate Tribunal, which partly allowed the appeal.…

Legal Issues

• 1. Disallowance of depreciation on Mercedes car
• 2. Disallowance of sundry creditors
• 3. Disallowance of other liabilities

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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