Huwaida Iqbal Sayed vs DCIT, Central Circle-4(2), Mumbai
Case No: ITA No.7286/Mum/2025
Court: Income Tax Appellate Tribunal Mumbai Bench ‘E’, Mumbai
Date: 1/29/2026
Parties Involved
appellantHuwaida Iqbal Sayed
respondentDCIT, Central Circle-4(2), Mumbai
Facts Summary
The assessee, Huwaida Iqbal Sayed, filed an original return declaring a total income of Rs.3,66,810/-. A search and seizure action under section 132 of the Income-tax Act, 1961, was conducted on 17.03.2021 at Rubberwala Group and Others, where evidence suggested that the assessee had purchased a shop in Platinum Mall Building, Girgaon, Mumbai for Rs.32,45,300/- in cash. A notice under section 153C of the Act was issued and served to the assessee, who filed a return declaring the same total incom…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.32,45,300/- under section 69C of the Income-tax Act, 1961, is sustainable based on the evidence presented.
Precedents Relied Upon
8 precedents cited in this judgement.