Monica Parmanand Mirchandani vs. ITO

Parties Involved

Facts Summary

The assessee, Monica Parmanand Mirchandani, a tuition teacher, filed her income return for the years 2012-13, 2015-16, and 2016-17, declaring income from other sources. The assessment order issued by the Assessing Officer added Rs. 71,34,472/- as revenue receipt from DB MIG Realtors & Builders Pvt. Ltd. The assessee appealed against this addition, arguing that the amount was hardship compensation received due to the delay in the redevelopment project. The Commissioner of Income Tax (Appeals) upheld the addition, leading to the current appeal to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the addition of Rs. 71,34,472/- by the Assessing Officer was justified.
• 2. Whether the Commissioner of Income Tax (Appeals) was justified in disputing the source of income.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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