Rajanee Mahajan Vs. Pr. CIT, Ghaziabad

Parties Involved

Facts Summary

The assessee, Rajanee Mahajan, filed appeals against the orders passed by the Principal Commissioner of Income-tax (PCIT), Ghaziabad, under section 263 of the Income-tax Act, 1961, revising the orders passed under section 147 of the Act for the assessment years 2014-15 and 2015-16. The PCIT found that the Assessing Officer had erroneously accepted the assessee's explanation of cash deposits in her bank account as arising from her business of dealing in sports goods without any evidence or enquiry. The PCIT noted several discrepancies and anomalies in the assessee's explanations and business operations, including inconsistent stories, lack of documentary evidence, and absence of basic business records.…

Legal Issues

• 1. Whether the Assessing Officer erroneously accepted the assessee's explanation of cash deposits without conducting any enquiry or investigation.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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