Sh. Praveen Gupta Vs. ACIT, New Delhi
Case No: ITA No. 1487/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCHES “F”, NEW DELHI
Date: 3/25/2025
Parties Involved
appellantSh. Praveen Gupta
respondentACIT, New Delhi
Facts Summary
The present appeal has been filed by the assessee, Sh. Praveen Gupta, against the order dated 25.01.2024 passed by the learned Commissioner of Income-tax (Appeals) [in short “CIT(A)”] u/s. 250(6) of the Income-tax Act, 1961. This is the second round of appeal before the Tribunal. In the first round, the matter was restored to the Assessing Officer for adjudication afresh regarding two issues: addition made on account of unexplained credits u/s. 68 of the Act amounting to Rs.93,56,268/- and addit…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the order passed by the Ld. CIT(A) is contrary to the facts and bad in law.
- 2. Whether the Ld. CIT(A) was justified in confirming the addition of Rs.36,71,268/- as unexplained cash credit.
2 more legal issues analysed in this judgement.