Income Tax Officer, New Delhi vs. Uday Kumar
Case No: ITA No.4254/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/6/2026
Parties Involved
appellantIncome Tax Officer, New Delhi
respondentUday Kumar
Facts Summary
The assessee, Uday Kumar, is an individual and non-filer of return of income. The department alleges that the assessee received Rs.59,18,00,000/- from 636 investors of M/s Aurochem Buildprop Private Limited (ABPL) and neither gave property in return nor returned the money. The Assessing Officer reopened the case under Section 148 and presumed the entire amount as unexplained money under Section 69A of the Income Tax Act, 1961. The assessee appealed before the National Faceless Appeal Centre (NFA…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.59,18,00,000/- under Section 69A of the Income Tax Act, 1961