Govardhan Naidu Gummala vs. Asst. C.I.T.

Parties Involved

Facts Summary

The assessee, Govardhan Naidu Gummala, filed his original return of income for the Assessment Years (A.Ys) 2018-19 and 2019-20 declaring total income of Rs.35,99,600/- and Rs.35,99,600/- respectively. A search & seizure operation was conducted on 12/10/2018, and the assessee filed a return of income on 07/12/2019 admitting the same income. The assessment was completed on 17/06/2021, determining the total income at Rs.43,79,600/- for A.Y 2018-19 and Rs.43,79,600/- for A.Y 2019-20. The assessee appealed against the additions made by the Assessing Officer towards exemption claimed u/s 10 of the I.T. Act, 1961 and addition towards gifts received from relatives. The Tribunal rejected the additions made by the Assessing Officer towards exemption claimed u/s 10 of the I.T. Act, 1961 and set aside the addition made towards gifts received from relatives.…

Legal Issues

• 1. Legality of additions made in the assessment order passed u/s 153A of the I.T. Act, 1961 in absence of incriminating material.
• 2. Addition of Rs.2,40,000/- towards denial of exemption u/s 10 of the I.T. Act, 1961.
• 3. Addition towards gifts claimed to have been received from sons of the assessee.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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