Question 1

What are the key legal issues in INCOME TAX OFFICER VS. VISHAP BAJAJ?

Accepted Answer

1. Whether the CIT(A) erred in deleting the addition of Rs. 2,37,20,968/- made by the AO under section 69A. 2. Whether the CIT(A) erred in deleting the addition made on account of unexplained money.

Question 2

What are the facts of INCOME TAX OFFICER VS. VISHAP BAJAJ?

Accepted Answer

This appeal by the Revenue emanates from the order of the NFAC, Delhi in Appeal No. CIT(A),Delhi-15/10384/2019-20 dated 13.8.2025. The assessment was framed by the AO under section 144 of the Income Tax Act, 1961 dated 20.12.2019 relating to assessment year 2017-18. The Revenue argued that the CIT(A) erred in deleting the addition of Rs. 2,37,20,968/- made by the AO under section 69A by ignoring the fact that the assessee made imports only in November 2016 and cash sales from 3.8.2016. The assessee claimed to have purchased electronic components of LNP parts of DTH, which is a raw material used for Dish Antenna and cannot be used by an individual. The Revenue also argued that the CIT(A) erred in deleting the addition made on account of unexplained money by ignoring the fact that the assessee was given ample opportunities to justify the claim but failed to furnish the requisite details along with supporting corroborative documentary evidence during the course of assessment proceedings. Additionally, the assessee failed to furnish returns and get his account audited. The Revenue further submitted that the CIT(A) accepted additional evidences filed on 12.3.2024 without calling a remand report from the AO.

INCOME TAX OFFICER VS. VISHAP BAJAJ

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