JASMEET SINGH WALIA VS. ITO, WARD 58(8), NEW DELHI
Case No: ITA NO. 567/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH
Date: 2/20/2025
Parties Involved
appellantJASMEET SINGH WALIA
respondentITO, WARD 58(8), NEW DELHI
Facts Summary
The assessee, Jasmeet Singh Walia, is involved in manufacturing hardware items and wholesale and retail of iron steel strips/sheet C.R. sheet. He filed his return of income declaring income of Rs. 11,04,470/- on 29.10.2017, which was picked up for CASS by the AO. During the year under consideration, the assessee deposited cash amounting to Rs. 28,48,000/- within the period 09.11.2016 to 31.12.2016. The AO directed the assessee to explain the source of this deposit, which was during the demonetiz…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order dated 22nd December 2019 passed by the Assessing Officer is bad in law and void ab initio.
- 2. Whether the order dated 20th December 2023 passed by the Commissioner of Income Tax (Appeals) is bad in law and void ab initio.
6 more legal issues analysed in this judgement.