Ravinder Yadav Vs CIT(A)/NFAC, Delhi

Parties Involved

Facts Summary

This appeal pertains to the Assessment Year 2017-18, where the assessee, Ravinder Yadav, challenges the correctness of an unexplained money addition of Rs. 1,96,45,440/- under section 69A of the Income Tax Act, 1961. The addition was upheld by the lower appellate authority. The assessee claims that the amount represents his business turnover in the mobile telecommunication business. The Revenue supports the lower authorities' findings, maintaining the addition. The Tribunal has considered both parties' submissions.…

Legal Issues

• 1. Correctness of section 69A unexplained money addition of Rs. 1,96,45,440/-

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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