Dhairya Jyotish Dandwala vs The ITO, Ward-5(2)(2), Ahmedabad

Parties Involved

Facts Summary

The assessee, Dhairya Jyotish Dandwala, filed a return of income on 20th December, 2017, declaring income at Rs. 4,96,040/-. During the year under consideration, the assessee derived income from small construction work and as an advisor and director in real estate. The assessee also received income as an advisor for a catering business. The case was selected for limited scrutiny due to large cash payments made for credit card purchases. The Assessing Officer observed that the assessee made substantial payment for credit card purchases in cash amounting to Rs. 5,80,000/- through credit card during assessment year 2017-18. The assessee deposited cash of Rs. 5,80,000/- on 16-11-2009 in City Bank for his credit card payment. The Assessing Officer made an addition of Rs. 5,80,000/- u/s. 69C as unexplained expenditure.…

Legal Issues

• 1. Whether the Ld. CIT(A) erred in law and in the facts of the case in confirming the order of the AO in making addition of Rs. 5,80,000/- u/s 69C of the act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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