Smt. Nagarajan Nithiyakalyani vs. ITO
Parties Involved
Facts Summary
The appeal by the assessee for the Assessment Year 2017-18 arises from an order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi on 10-01-2024. The assessee has contested the addition of Rs.34.36 Lacs under section 69A read with section 115BBE of the Act. The assessee has not made any effective representation before the lower authorities. The tribunal has granted another opportunity to the assessee to substantiate its case at a cost of Rs.10,000/- to be deposited within 30 days. The assessee is directed to substantiate its case forthwith, failing which the Assessing Officer shall proceed with framing of assessment on the basis of material on record.…
Decision in favour of
Assessee
Legal Issues
- 1. Confirmation of addition of Rs.34.36 Lacs u/s 69A r.w.s 115BBE of the Act
Judgment Outcome
Decided in favour of Assessee.