Bhavya Bishnoi vs DCIT

Parties Involved

Facts Summary

A search and seizure operation was carried out by the Income Tax Department at the premises of Kuldeep Bishnoi Group and its associates, including the assessee, on 23.07.2019. A notebook was found and seized as Annexure A-4, which the Assessing Officer believed to be records of expenses made by the assessee during the Lok Sabha Election 2019. The assessee was asked to explain the details of expenditure, but the Assessing Officer concluded that the assessee incurred unaccounted expenditure under Section 69C of the Act. The assessee appealed against this decision, and the case was heard by the Income Tax Appellate Tribunal.…

Legal Issues

• 1. The addition of Rs. 7,64,90,689/- being unexplained expenditure added under Section 69C of the Act, on the basis of a notebook found and seized during the search.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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