Income Tax Officer, Ward-16(3), New Delhi-110002 Vs MB Infrabuild Pvt. Ltd.

Parties Involved

Facts Summary

The case pertains to an appeal by the Revenue against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi, which deleted an addition of Rs. 1,10,00,000/- made by the Assessing Officer (AO) under section 147 of the Income Tax Act, 1961. The AO had made the addition based on a mini ledger seized during a search at the residence of Shri Sumit Jindal, which indicated cash receipts by the assessee. The Revenue argued that the addition was justified based on the seized documents and statements. The assessee, however, contended that the AO failed to establish the facts and evidence, and did not rebut the explanations and documentary evidences furnished by the assessee.…

Legal Issues

• 1. Whether the addition of Rs. 1,10,00,000/- made by the AO was justified.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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