KESHAV KANODIA vs. INCOME TAX OFFICER, WARD 43(8), NEW DELHI

Parties Involved

Facts Summary

The appeal by the assessee is directed against the order of the National Faceless Appeal Centre (NFAC), New Delhi dated 24.02.2025 pertaining to A.Y. 2017-18. The assessee raised grounds of appeal against the adhoc addition of Rs. 1,42,87,397/- made by the AO, claiming it was based on estimation, suspicion, conjectures, and surmises. None appeared on behalf of the assessee during the proceedings.…

Legal Issues

• 1. Sustained adhoc addition of Rs. 1,42,87,397/- by the AO.

Judgment Outcome

Decided in favour of Assessee.

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