Shri Prem Watwani vs. DCIT

Parties Involved

Facts Summary

The case involves an appeal by Shri Prem Watwani against the order passed by the Commissioner of Income Tax (Appeals) on 13-02-2024, confirming additions made by the Assessing Officer under various heads of income for the Assessment Year 2008-09. The assessee has challenged the additions of cash deposits, rental advance, amount payable to certain persons, and share of profit from a firm. The assessee has provided explanations and documents to support their claims, but the Commissioner of Income Tax (Appeals) confirmed the additions. The assessee has further appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Addition of cash deposits in bank account
• 2. Addition of rental advance
• 3. Amount payable to Mukesh, Sandeep, and Nisha
• 4. Share of profit from firm

Judgment Outcome

Decided in favour of Partly Assessee.

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