Ravi Bansilal Darira vs. Deputy Commissioner of Income Tax

Parties Involved

Facts Summary

The assessment in this case was completed under sections 147 read with 144 of the Income Tax Act, 1961, vide order dated 05-02-2024. The Assessing Officer (AO) brought to tax an amount of Rs. 69,70,475/- due to the absence of requisite information submitted by the assessee explaining the source of inward remittance in its bank account. The assessed income was determined at Rs. 1,17,09,015/-. The assessee carried the matter in appeal before the Learned Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (NFAC), Delhi, who set aside the assessment order and directed the AO to conduct a denovo assessment after providing reasonable opportunity to the assessee.…

Legal Issues

• 1. Non-consideration of written submissions filed before the Ld.CIT(A)
• 2. Merits of the addition made by the AO

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• Smt. Sujatha Muniraju Vs. The Income Tax Officer

  Bangalore benchAY 2012-13Allowed

• Ravinder Singh Sethi vs. Deputy Commissioner of Income Tax-24(1)

  Mumbai “D” Bench benchAY 2018-19Allowed

• Seetu Kohli Concepts P. Ltd. vs. Assessment Unit, Income Tax Department

  Delhi Bench benchAY 2017-18Allowed

• Balasubramaniam Sundaresan [Rep. by Legal Heir Umamaheshwari Sundaresan] v. The ITO, Non-Corporate Ward-22(6), Tambaram

• DCIT, Central Circle (4) Vs. Jupiter International Limited

  Kolkata Bench benchAY 2009-10Dismissed

• Liberty Shoes Ltd. vs PCIT

  Other