Sri Dilip Kumar Ghosh Vs DCIT, Central Circle-4(3), Kolkata
Case No: ITA No.1361/KOL/2025
Court: Income Tax Appellate Tribunal ‘SMC’ Bench, Kolkata
Date: 11/21/2025
Parties Involved
appellantSri Dilip Kumar Ghosh
respondentDCIT, Central Circle-4(3), Kolkata
Facts Summary
The assessee, Sri Dilip Kumar Ghosh, filed his original return of income for the assessment year 2021-2022 declaring a total income of Rs. 12,25,190/-. A search and seizure operation was conducted on 25.09.2020 at various premises of the Agarwal Group, of which the assessee was a close associate. During the search, jewellery weighing 469.080 grams was found at the assessee's residence. The assessment order under section 143(3) of the Income Tax Act, 1961, was passed on 31.03.2022, determining a …
Decision in favour of
Assessee
Legal Issues
- 1. Addition made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) on account of alleged undisclosed jewellery.
Precedents Relied Upon
2 precedents cited in this judgement.