Avtar Singh Kochar (AY: 2019-20)
Case No: ITA Nos. 2909 & 4438/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL, 'C' BENCH, DELHI
Date: 1/9/2026
Parties Involved
appellantAvtar Singh Kochar
respondentDCIT, Central Circle-25
appellantACIT, Central Circle-25
respondentAvtar Singh Kochar
Facts Summary
Avtar Singh Kochar, the proprietor of M/s Singh Petro, was assessed for the year 2019-20. A search and seizure operation under section 132 of the Income Tax Act was conducted at his residential premises, and a survey action under section 133A was conducted at his business premises on 06/02/2019. During the search, the appellant surrendered income from hawala operations. The assessing officer (AO) assessed the appellant's income based on a commission rate of 3.4%, whereas the appellant claimed it…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the approval under section 153D of the Income Tax Act was granted mechanically without proper application of mind by the approving authority.
Precedents Relied Upon
4 precedents cited in this judgement.