Rakesh Rawat Vs ITO Ward 4(1)

Parties Involved

Facts Summary

The assessee, Rakesh Rawat, was in receipt of information relating to the purchase of immovable property and cash deposits. The Revenue initiated reassessment proceedings under section 148 of the Income Tax Act. Due to the assessee's failure to respond to notices, the Assessing Officer treated the entire value of the immovable property and cash deposits as unexplained investments under section 69 of the Act. The assessee filed appeals against the assessment and penalty orders, but these appeals were dismissed for being time-barred.…

Legal Issues

• 1. Condonation of delay in filing appeals

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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