Ashish Chandrakant Saste vs. ITO

Parties Involved

Facts Summary

The assessee's appeal for the Assessment Year 2017-18 arises against the order dated 04-06-2024 passed by the NFAC, Delhi in case No. ITBA/NFAC/S/250/2024-25/1065377048(1) under Section 250 of the Income Tax Act, 1961. The lower appellate authority passed the order ex-parte due to the assessee's continuous non-appearance, affirming the Assessing Officer's action of making an unexplained money addition of Rs.199,22,890/- in the assessment dated 29.03.2022. The assessee argues that the lower appellate authority did not rightly confirm the Assessing Officer's action. The revenue does not dispute that the lower appellate authority's discussion lacked detailed adjudication as per Section 250(6) of the Act.…

Legal Issues

• 1. Whether the lower appellate authority rightly confirmed the Assessing Officer's action of making an unexplained money addition.

Judgment Outcome

Decided in favour of Assessee.

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