Raju Sitaram Agrawal vs. ITO Ward-3(5)

Parties Involved

Facts Summary

The assessee, Raju Sitaram Agrawal, filed a return of income on 30.09.2011 declaring total income at Rs. 26,07,800/-. The case was assessed in scrutiny under section 143(1) of the Income Tax Act at Rs. 26,67,800/-. The case was reopened and reassessed under section 143(3) of the Act at Rs. 28,57,353/-. The assessee appealed against the reassessment order, which was confirmed by the Commissioner of Income Tax (Appeals). The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. The learned CIT(A) erred in law and on facts in upholding reassessment proceedings against original scrutiny order.
• 2. The learned CIT(A) erred in law and facts in upholding the re assessment order of A.O.
• 3. The learned CIT(A) erred in law and on facts in upholding addition of Rs. 1, 89,553/- u/s. 40A(3) of the Act.
• 4. The addition of Rs. 1, 89,553/- being factually and legally erroneous ought to have been deleted.
• 5. The learned CIT(A) erred in law and on facts in upholding the demand of Rs. 4, 56,400/-
• 6. No interest u/s. 234B and 234C of the Act ought to have been levied.

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• Nitin Prabhakar Vaidya v/s Income Tax Officer

  Nagpur bench

• Gemological Institute of America Inc. v. ACIT (International Taxation)

  Mumbai bench

• Nissim Traders Pvt. Ltd. vs Asst. CIT, Circle 10(3)(1)

  Mumbai bench

• Adinarayana Raju Mandapati vs. ITO, Ward-1

  Hyderabad bench

• Jagdishchandra Prahaladdas Pasari vs. ITO Ward 14

  Mumbai bench

• SUBHASH AUTOMOBILES VS. ITO, WARD 3(4), NOIDA

  DELHI BENCH benchAY 2012-13Allowed