Gagan Kakkar vs. ACIT -Central Circle

Parties Involved

Facts Summary

The assessee, Gagan Kakkar, operates a restaurant. On 26.04.2018, a survey was conducted under section 133A, where the assessee stated that the daily sales ranged between Rs.25,000/- to Rs.30,000/-. However, the recorded sales on the survey date were Rs.61,254/-. The Assessing Officer (AO) alleged suppression of sales and added Rs.2,23,26,759/- to the assessee's total income. The Commissioner of Income Tax (Appeals) (CIT(A)) deleted this addition, and the revenue appealed against this decision.…

Legal Issues

• 1. Whether the addition made by the AO for alleged suppression of sales is justified?

Judgment Outcome

Decided in favour of Revenue.

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