NAVEEN KHAITAN VS. ITO/NFAC, DELHI
Case No: ITA NO. 5702/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH “SMC”, NEW DELHI
Date: 3/25/2025
Parties Involved
appellantNAVEEN KHAITAN
respondentITO/NFAC, DELHI
Facts Summary
The assessee, Naveen Khaitan, filed an appeal against the order of the Ld. NFAC, Delhi dated 08.10.2024, relating to the assessment year 2018-19. None appeared on behalf of the assessee despite the issuance of a notice for hearing. The Assessing Officer (AO) had passed an exparte assessment order. In the appeal, the Ld. CIT(A) noted that the assessee had not furnished documentary evidence regarding the purchase of shares in both the assessment and appellate proceedings and remained non-cooperati…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee furnished documentary evidence regarding the purchase of shares?