Smt. Priyanka Dipak Jadhav Vs. Income Tax Officer

Parties Involved

Facts Summary

Smt. Priyanka Dipak Jadhav, an individual, filed an appeal against the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2024-25. The assessee had filed a return of income declaring total income of Rs. 2,58,520/- and opted for taxation under section 115BAC of the Income Tax Act, 1961. The Assessing Officer observed that the assessee maintained a Savings Bank Account with transactions amounting to Rs. 83,33,028/- and presumed that the assessee earned commission income on such transactions, arbitrarily applying a 5% rate. The AO computed an alleged commission income of Rs. 4,16,651/- and added it to the assessee's total income. The assessee argued that the transactions did not represent commission-earning activities and that the estimation was excessive and arbitrary. The Commissioner of Income Tax (Appeals) dismissed the appeal for non-compliance without discussing the merits of the case.…

Legal Issues

• 1. Whether the Commissioner of Income Tax (Appeals) had the authority to dismiss the appeal for non-compliance without adjudicating on the merits?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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