Jyoti Ahuja vs. ITO

Parties Involved

Facts Summary

The assessee filed her return of income declaring an income of Rs.4,06,410/-. The case was selected for scrutiny, and the Assessing Officer observed that the assessee had declared commission income without substantiating the source. The Assessing Officer made an addition of Rs.1,80,00,000/- under Section 69A based on a statement by Sh. Sanjay Garg, alleging fictitious imports and cash payments. The assessee appealed against this addition, arguing lack of evidence and violation of natural justice principles.…

Legal Issues

• 1. Addition of Rs.1,80,00,000/- under Section 69A
• 2. Deduction under Section 80TTA

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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