Krishna Gopal Saraf Vs. The A.C.I.T
Case No: ITA No. 4564/DEL/2017 and ITA No. 4565/DEL/2017
Court: Income Tax Appellate Tribunal, Delhi ‘C’ Bench
Date: 2/12/2025
Parties Involved
appellantKrishna Gopal Saraf
respondentThe A.C.I.T
Facts Summary
The assessee, Krishna Gopal Saraf, filed his return of income for AY 2013-14 declaring an income of Rs 7,12,630/-. A search and seizure action was carried out on 07.03.2014 under section 132 of the Income-tax Act, 1961, in which various documents and statements were seized. The Assessing Officer (AO) found credit card payments of Rs 4,55,495/- made by the assessee and added this amount as unexplained expenditure. The assessee appealed before the CIT(A), who partly confirmed the addition. The ass…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of search under section 132
- 2. Non-issue of notice under section 143(2)
2 more legal issues analysed in this judgement.
Precedents Relied Upon
3 precedents cited in this judgement.