Indira Voona v. Income Tax Officer

Parties Involved

Facts Summary

The case involves two appeals filed by Indira Voona against orders passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The first appeal (ITA No. 244/VIZ/2023) pertains to the assessment year 2017-18, where the assessee challenged the addition of Rs. 17,86,000/- as unexplained money under section 69A of the Income Tax Act. The second appeal (ITA No. 268/VIZ/2023) pertains to the assessment year 2015-16, where the assessee challenged the demand of Rs. 1,79,340/- raised by the Assessing Officer for failure to deduct Tax at Source (TDS) under section 194-IA of the Act. The assessee argued that the provisions of section 194-IA do not apply as the consideration paid to each of the three joint co-owners was below Rs. 50 lakhs.…

Legal Issues

• 1. Addition of Rs. 17,86,000/- as unexplained money under section 69A of the Income Tax Act.
• 2. Demand of Rs. 1,79,340/- for failure to deduct TDS under section 194-IA of the Income Tax Act.

Judgment Outcome

Decided in favour of Assessee.

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