Sh. Vijay Pal Solanki vs. Income Tax Officer
Case No: ITA No.7596/Del/2019
Court: Income Tax Appellate Tribunal, Delhi Bench: ‘F’ New Delhi
Date: 3/28/2025
Parties Involved
appellantSh. Vijay Pal Solanki
respondentIncome Tax Officer, Ward-44(5), New Delhi
Facts Summary
This appeal arises against the Commissioner of Income Tax (Appeals)-15 [CIT(A)/NFAC], Delhi’s order dated 14.08.2019 passed in case no. 35/16-17, involving proceedings under section 143(3) of the Income-tax Act, 1961. The learned Assessing Officer had framed his regular assessment on 31st March, 2016, making section 37 disallowance followed by section 69 and 68 additions. The Revenue contends that the lower authorities rightly disallowed/added the impugned sums due to the assessee's failure to e…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the lower authorities rightly disallowed/added the impugned sums due to the assessee's failure to explain the source of his cash credits/deposits and investments.