Shri Brijesh Kumar Verma vs. DCIT
Case No: ITA No.401/Del/2023 and ITA No.402/Del/2023
Court: Income Tax Appellate Tribunal, Delhi Bench 'A', New Delhi
Bench: Delhi Bench 'A', New Delhi
Date: 2/6/2026
Parties Involved
appellantShri Brijesh Kumar Verma
respondentDCIT, Central Circle-7, Delhi
Facts Summary
The assessee, Shri Brijesh Kumar Verma, filed returns of income for AY 2016-17 and 2017-18. A search and seizure action was carried out on Jindal Bullion Ltd. Group (JBL) on 05.01.2017, and digital data from Hazir Johri software was seized. Based on this, proceedings u/s 153C of the Income Tax Act were initiated against the assessee. The Assessing Officer (AO) alleged unrecorded transactions between the assessee and JBL Group, leading to additions in the assessee's income. The assessee appealed …
Decision in favour of
Assessee
Legal Issues
- 1. Initiation of proceedings u/s 153C of the Act
- 2. Time-bar of proceedings u/s 153C of the Act
3 more legal issues analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.