DCIT vs Navneet Chaurasia, Rajiv Chaurasia, Mayank Chaurasia, Vibha Arya Chaurasia, Anand Kumar Chaurasia, Vijay Anand Chaurasia
Parties Involved
Facts Summary
The assessee is an individual and a resident of tax purposes in India. For the previous years relevant to the assessment years 2018-19 to 2020-21, the assessee filed returns of income u/s. 139 of the Act. Subsequently, based on search carried out in Kamla Pasand group of cases, assessment proceedings u/s. 153C/143(3) of the Act were carried out in assessee’s cases for AYrs 2018-19 to 2020-21, which culminated vide separate assessment orders dated 30.3.2023 wherein, certain additions/alterations were made to assessee’s returned income. Against the aforesaid assessment orders, the assessee preferred appeals before the CIT(A) for the relevant assessment years 2018-19 to 2020-21, which were allowed vide separate impugned orders dated 7.2.2025 wherein the said additions were deleted. Against the aforesaid orders passed by the CIT(A), the revenue has preferred the captioned appeals, and the assessee has filed its cross objections.…
Decision in favour of
Assessee
Legal Issues
- 1. Addition u/s. 68 qua sale consideration of diamonds
- 2. Addition u/s. 69C of the act qua alleged commission expenditure
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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