DCIT, Central Circle -1(1) Vs. Rajesh Kumar Kedia
Case No: ITA Nos.137 & 138/KOL/2025
Court: Income Tax Appellate Tribunal ‘D’ Bench, Kolkata
Date: 10/17/2025
Parties Involved
appellantDCIT, Central Circle -1(1)
respondentRajesh Kumar Kedia
Facts Summary
The assessee, Rajesh Kumar Kedia, filed returns of income for the assessment years 2016-17 and 2019-20 declaring total income of ₹9,78,820/-. Subsequently, his case was reopened under section 147 of the Income-tax Act based on information from a search and seizure action conducted at the premises of Sanwaria and Kasera Group, where incriminating documents indicating unaccounted cash transactions were found. The Assessing Officer (AO) made additions to the assessee’s income under section 69A and …
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Deletion of addition by the CIT(A) of ₹9,41,60,000/- under section 69A.
- 2. Deletion of addition by the CIT(A) for brokerage payment of ₹17,60,000/-.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
23 precedents cited in this judgement.