Ravindra Dhaka vs Pr.CIT, Faridabad

Parties Involved

Facts Summary

The assessee filed his return of income declaring total income at INR 27,12,580/-. The case was selected for limited scrutiny. During the assessment proceedings, the Faceless AO asked the JAO to provide legible copies of the documents relied upon by the Investigation Wing to allege that assessee has made a cash payment of INR 44,68,000/- in acquisition of property. However, as the legible copy could not be provided, the Faceless AO passed the assessment order u/s 143(3) accepting the income as d…

Legal Issues

• 1. Erroneous passing of order u/s 263 of the Act by Ld. PCIT
• 2. Validity of initiation of proceedings u/s 263 based on search action u/s 132

Precedents Relied Upon

Judgment Outcome