Manzar Hossain Khan Vs. ACIT, Circle-25, Kolkata
Case No: I.T.A. No. 551/Kol/2023
Court: Income Tax Appellate Tribunal (ITAT) 'C' Bench, Kolkata
Date: 3/26/2025
Parties Involved
appellantManzar Hossain Khan
respondentACIT, Circle-25, Kolkata
Facts Summary
The assessee, Manzar Hossain Khan, filed his return of income for AY 2015-16 declaring a total income of Rs. 22,65,490/-. His case was selected for limited scrutiny due to a substantial increase in capital compared to the previous year. The Assessing Officer (AO) asked for details including the capital account ledger, but the assessee did not furnish any supporting evidence. Consequently, the AO concluded that the introduction of capital was a device used by the assessee to avoid taxes and added…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delay in filing the appeal should be condoned?
- 2. Whether the assessee should be given an opportunity to present his case before the AO?
Precedents Relied Upon
2 precedents cited in this judgement.