Kuldeep Bishnoi vs DCIT

Parties Involved

Facts Summary

A search operation under Section 132 of the Income Tax Act was conducted on the residential and business premises of Kuldeep Bishnoi on 23.07.2019. During the search, 120 pages of rough jottings were seized, which were classified as Annexure A-1. The Assessing Officer (AO) noticed from page 113 of Annexure A-I that Kuldeep Bishnoi had received a sum of Rs. 1,62,75,000/- during the Lok Sabha Election of 2019. The AO required Kuldeep Bishnoi to explain the cash received during the election. Kuldeep Bishnoi denied the document and claimed it was not handwritten by him. However, the AO added a sum of Rs. 1,12,75,000/- received by Kuldeep Bishnoi as unexplained money under Section 69A of the Act. Kuldeep Bishnoi appealed against this addition before the Commissioner of Income Tax (Appeals) (CIT(A)), who confirmed the addition. Kuldeep Bishnoi further appealed to the Income Tax Appellate Tribunal (ITAT), which deleted the addition.…

Legal Issues

• 1. Whether the addition of Rs. 1,12,75,000/- as unexplained money under Section 69A of the Act is justified.

Precedents Relied Upon

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