Sh. Rajeev Kumar Goel vs. ACIT

Parties Involved

Facts Summary

The assessee, Sh. Rajeev Kumar Goel, filed his return of income on 22.03.2020, declaring income of Rs.2,04,87,150/-. During a search and seizure operation under section 132 of the Act, cash amounting to Rs.2 crores was found and seized from the assessee's locker. The Assessing Officer called upon the assessee to explain the source of such cash, but the assessee's explanation was not accepted. The Assessing Officer treated the cash as income from other sources. The assessee appealed against the assessment order, but the appeal was decided ex-parte by the first appellate authority, confirming the assessment order.…

Legal Issues

• 1. Whether the appeal was disposed of without providing adequate opportunity of being heard?
• 2. Whether the income in dispute should be treated as business income?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Shaik Abdul Zilani vs. The Income Tax Officer

  Visakhapatnam bench

• Shri Shahzeb Khan vs ACIT

  Delhi Bench 'A', New Delhi benchAY 2023-24Allowed

• Hari Om Verma vs. ITO, Ward 71(2)

  Delhi Bench benchAY 2017-18Partly Allowed

• Mudita Chaturvedi Vs. ACIT

  Delhi Bench ‘E’, New Delhi benchAY 2019-20Allowed

• DCIT, Central Circle -2(3) Vs. Maxcab Industries Pvt. Ltd.

  Kolkata benchAY 2021-22Dismissed

• Shri Vinod Kumar Bhatia M/s Prerit Steel Traders vs Assistant Commissioner of Income Tax, Circle-25, Jhandewalan Extension, New Delhi-110055

  Delhi Bench benchAY 2018-19Allowed