Rajan Diwan Vs. DCIT/ACIT (Central), Noida
Case No: ITA No.2925/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH ‘F’, NEW DELHI
Date: 1/13/2025
Parties Involved
appellantRajan Diwan
respondentDCIT/ACIT (Central), Noida
Facts Summary
The assessee, Rajan Diwan, filed his return of income on 27.07.2016 declaring an income of Rs.5,45,690 from consultancy business. The case was selected for compulsory scrutiny assessment, and a notice under Section 143(2) of the Income Tax Act, 1961 was issued on 25.09.2017. The Assessing Officer assessed his total income at Rs.17,77,95,690. Multiple notices were issued under Sections 143(2) and 142(1) without raising any queries, and a show-cause notice was issued without any questionnaire. The…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order of the learned lower authority is bad in law and against the facts and circumstances.
- 2. Whether the addition of Rs.17,72,50,000/- under Section 69 of the Act is sustainable.
Precedents Relied Upon
1 precedent cited in this judgement.