Devangi Vivek Pandya vs. ITO

Parties Involved

Facts Summary

The assessee, Devangi Vivek Pandya, has appealed against the order of the Learned Commissioner of Income Tax (Appeals) confirming an addition made by the Assessing Officer of Rs. 4,00,000/- on account of on-money paid by the assessee to purchase a flat. The Assessing Officer received information from the Investigation Wing that the assessee had paid on-money to the builder M/s Status Buildcon LLP for purchasing a flat along with her husband. The assessee denied making any such payment. The Assessing Officer made the addition based on the information received from the Investigation Wing. The Learned Commissioner of Income Tax (Appeals) confirmed the addition. The Tribunal found that the addition was made on the basis of vague and general information and was not sustainable.…

Legal Issues

• 1. Whether the addition made by the Assessing Officer is sustainable?

Judgment Outcome

Decided in favour of Assessee.

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