Mr. Devinder Singh Vs. Income Tax Officer, Mumbai

Parties Involved

Facts Summary

This appeal is filed by the appellant/assessee against the final assessment order dated 31.05.2024 passed under sections 147 and 144C(3) of the Income Tax Act, 1961 for the Assessment Year 2016-17. The assessee, a non-resident seafarer, has raised several grounds for appeal, including the erroneous consideration of time deposit as income, failure to consider explanations and evidence submitted, incorrect computation of tax liability, erroneous initiation of penalty proceedings, and incorrect levy of interest. The assessee also contended that the order of the Director of Revenue Processing (DRP) was passed without considering the online submission made within the stipulated time.…

Legal Issues

• 1. Erroneous consideration of time deposit as income
• 2. Failure to consider explanations and evidence submitted
• 3. Incorrect computation of tax liability
• 4. Erroneous initiation of penalty proceedings
• 5. Incorrect levy of interest under section 234A
• 6. Incorrect levy of interest under section 234B

Judgment Outcome

Decided in favour of Assessee.

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