Arjunsinh Rana vs. ITO

Parties Involved

Facts Summary

The assessee, Arjunsinh Rana, did not file a return of income for the Assessment Year 2010-11. The Assessing Officer reopened the case under Section 147 of the Income Tax Act, 1961, based on a cash deposit of Rs.16,00,000/- in the savings bank account of the assessee during the Financial Year 2009-10. The assessment was completed under Section 144 r.w.s. 147 of the Act on 07.12.2017 at a total income of Rs.16,00,000/-. The Legal Heir of the deceased assessee filed an appeal before the First Appellate Authority, which was decided by the Commissioner of Income Tax (Appeals) (CIT(A)). The assessee then filed a second appeal before the Income Tax Appellate Tribunal (ITAT).…

Legal Issues

• 1. Whether the assessment order issued solely against the appellant without considering legal heirship determination and proper notices to all legal heirs is valid.
• 2. Whether the addition of Rs.8,00,000/- under Section 68 of the Act is justified.
• 3. Whether the addition of Rs.7,32,513/- as interest income is correct.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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