Mrs. Charanjit Kaur Vs. Income Tax Officer, Ward-69(1), New Delhi

Parties Involved

Facts Summary

The appellant, Mrs. Charanjit Kaur, filed her return of income for the assessment year 2017-18 declaring a total income of Rs. 6,99,080. Subsequently, the Department received information that she had purchased a residential house property for Rs. 13,20,000 in cash. The Assessing Officer, suspecting that income chargeable to tax had escaped assessment, issued a notice under section 148 and completed the assessment by treating the investment as unexplained under section 69 of the Income Tax Act, 1961. The appellant claimed that the investment was made from accumulated cash savings and financial assistance from her siblings, supported by bank statements, affidavits, and sale deeds. However, the CIT(A)/NFAC found her explanations insufficient and upheld the Assessing Officer’s action.…

Legal Issues

• 1. Whether the investment of Rs. 13,20,000 made by the appellant was satisfactorily explained.
• 2. Whether the appellant had a fair opportunity to respond to the notices issued by the Assessing Officer.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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