Harpreet Singh vs. ITO Ward 6(4), Mohali

Parties Involved

Facts Summary

The appeal by Harpreet Singh for the Assessment Year 2011-12 arises from an order by the Commissioner of Income Tax (Appeals) dated 21.11.2025. The Assessing Officer made an addition of Rs.178.45 Lacs on account of bank credits, which the assessee claimed were from the sale of land. The Commissioner of Income Tax (Appeals) rejected the assessee's claim, stating that the sale proceeds were received by the assessee's father and there was no documentary evidence of a gift or that the father offered the capital gains to tax. The assessee also claimed earlier withdrawals, which were not accepted. The assessee appealed against this order, arguing that the sold land was agricultural land and that the sale deed was executed by the assessee himself. The assessee provided cash flow statements, a certificate from the Tehsildar, and bank account statements to support their claims.…

Legal Issues

• 1. Whether the assessee can substantiate the source of the impugned bank credits.

Judgment Outcome

Decided in favour of Assessee.

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