Sh. Atul Kumar Bansal Vs Assistant Commissioner of Income Tax
Case No: ITA No.1641/Del/2022
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH ‘A’
Date: 3/26/2025
Parties Involved
appellantSh. Atul Kumar Bansal
respondentAssistant Commissioner of Income Tax, Central Circle-13
Facts Summary
The assessee, Sh. Atul Kumar Bansal, an entry operator, was searched by the Income Tax Department in 2006. The search led to a consequential search assessment under section 153A r.w.s. 144 of the Income Tax Act, 1961, at an income of Rs.1,96,12,820/-. The assessee appealed against the original order, which was partly allowed by the Commissioner of Income Tax (Appeals) [CIT(A)]. The CIT(A) upheld an income of Rs.18,82,480/- against the returned income of Rs.1,76,500/-. The Revenue appealed to the…
Decision in favour of
Revenue
Legal Issues
- 1. Taxability of Rs.61,49,670/-
- 2. Chargeability of interest under section 234B of the Income Tax Act, 1961
1 more legal issue analysed in this judgement.