Nityanand Raju Shetty vs. Income Tax Officer, Nashik

Parties Involved

Facts Summary

Nityanand Raju Shetty, the appellant, filed an appeal against the order of the Learned Additional/Joint Commissioner of Income Tax (Appeals), Madurai, passed under section 250 of the Income Tax Act, 1961 for the Assessment Year 2012-13. The appellant contested the addition of Rs 4,45,000/- made by the Assessing Officer, claiming it was explained and not unexplained. The Tribunal admitted additional evidence filed by the appellant and set aside the issue of addition for de-novo adjudication by the Assessing Officer.…

Legal Issues

• 1. Whether the addition of Rs 4,45,000/- made by the Assessing Officer is correct?

Judgment Outcome

Decided in favour of Assessee.

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