Dev Bullion Vs. DCIT
Case No: I.T.A. No.3962/Mum/2025
Court: Income Tax Appellate Tribunal “D” Bench, Mumbai
Date: 1/30/2026
Parties Involved
appellantDev Bullion
respondentDCIT, Circle-23(1)
Facts Summary
The assessee, Dev Bullion, a partnership firm, filed its return of income for the assessment year 2018-19 declaring a total income of Rs. 1,48,175/-. The case was selected for scrutiny under CASS for issues related to ICDS Compliance and Adjustment and verification of transactions. During the assessment proceedings, the Assessing Officer (AO) observed that the assessee had shown stock brought by a partner amounting to Rs. 63,52,500/-, but failed to provide any explanation or supporting evidence …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessing Officer erred in making an addition de hors the reasons for which notice under section 143(2) was issued.
- 2. Whether the CIT(A) erred in framing the order ex parte.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
7 precedents cited in this judgement.