ITA No. 4050/MUM/2024

Parties Involved

Facts Summary

The appellant assessee filed an original return of income on 30.09.2015, declaring a total income of Rs. 2,97,120/-. The return was processed under section 143(1) of the Income-tax Act, 1961. The case was subsequently reopened under section 147 of the Act, and notices under sections 148 and 142(1) were issued and served upon the assessee. In response to the notices, the assessee submitted the details called for. The assessing officer added an amount of unsecured loan of Rs. 26,25,000/- as unexplained cash credit under section 68 of the Act. The assessee filed an appeal before the Commissioner of Income-tax (Appeals) who dismissed the appeal ex-parte. The assessee filed an appeal on the ground that the Commissioner of Income-tax (Appeals) erred in making the addition ex-parte.…

Legal Issues

• 1. Whether the Commissioner of Income-tax (Appeals) erred in making the addition ex-parte?

Judgment Outcome

Decided in favour of Assessee.

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