Sunil Ghanshyamdas Khandelwal Vs DCIT, Circle 42(1)(1)
Case No: I.T.A. No. 5275/Mum/2024
Court: INCOME TAX APPELLATE TRIBUNAL, ‘F’ BENCH, MUMBAI
Date: 1/20/2026
Parties Involved
appellantSunil Ghanshyamdas Khandelwal
respondentDCIT, Circle 42(1)(1)
Facts Summary
The present appeal has been filed by the assessee, Sunil Ghanshyamdas Khandelwal, challenging the order dated 12.08.2024 passed by the National Faceless Appeal Centre, Delhi (NFAC) / CIT(A) for the Assessment Year 2018-19. The Assessing Officer had made an addition of Rs 10,06,30,085/- under section 69C read with section 115BBE of the Income Tax Act, 1961, which was upheld by the CIT(A). The assessee argued that the addition was erroneous as it was based on incorrect figures of capital in the re…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Ld. Commissioner of Income Tax (Appeals) erred in not quashing the assessment order passed by the Assessing Officer.
- 2. Whether the Ld. Commissioner of Income Tax (Appeals) erred in confirming the alleged additions made by the Assessing Officer.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.