Sachin Vs Assistant Commissioner of Income Tax, Central Circle-13, Delhi
Case No: ITA No.2320/Del/2023
Court: Income Tax Appellate Tribunal, Delhi Bench, ‘G’: New Delhi
Date: 3/27/2025
Parties Involved
appellantSachin
respondentAssistant Commissioner of Income Tax, Central Circle-13, Delhi
Facts Summary
In this case, a search and seizure operation under section 132 of the Income Tax Act was conducted on 03.03.2020, wherein unexplained cash in foreign currency was found in Shri Sachin's possession at IGI Airport. The assessment was completed under section 153A read with section 144 of the Income Tax Act, 1961 on 25.09.2021 as the assessee failed to appear during the assessment proceedings. The Assessing Officer made an addition of Rs.1,50,000/- under section 69C of the Act on account of foreign …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the learned Commissioner of Income Tax (Appeals) erred in upholding the determination of income made by the Assessing Officer.
- 2. Whether the learned Commissioner of Income Tax (Appeals) erred in disposing off the appeal ex-parte without granting any opportunity of being heard to the appellant.
4 more legal issues analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.