Manan Jabbar Shaikh vs. ITO, Ward-31(2)(3)

Parties Involved

Facts Summary

The assessee, Manan Jabbar Shaikh, filed an appeal against the order dated 06-11-2021 passed by the Commissioner of Income Tax (Appeals)-NFAC, Delhi for the Assessment Year 2013-14. The assessee raised several grounds for appeal, including errors in confirming an addition of Rs. 64,65,651/-, passing an order under section 250 of the Income Tax Act without proper opportunity, and levying interest and penalties. The assessee cited a delay in filing the appeal due to being entangled in legal matters related to slum development projects. The appeal was heard ex-parte as the assessee did not attend the hearing or file an application for adjournment.…

Legal Issues

• 1. Confirmation of an addition of Rs. 64,65,651/- by the Ld.CIT(A)
• 2. Passing an order under section 250 of the Income Tax Act without proper opportunity to the appellant
• 3. Disregarding the nature of transactions while treating entries as unexplained investments
• 4. Levying interest and penalties under various sections of the Income Tax Act

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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