Turab Ali Bohra vs. ACIT

Parties Involved

Facts Summary

In this case, the assessee, Turab Ali Bohra, filed an appeal against the order of the Commissioner of Income Tax (Appeals) for assessment year 2019-20. The appeal arose from the order dated 22.09.2021 passed under section 143(3) of the Income Tax Act by the ACIT, Central Circle, Ajmer. The assessee raised several grounds of appeal, including the addition of unexplained money, excess stock, and tax, surcharge, and cess. The assessee claimed that the cash found in possession of his employee, Shyam Singh Rathore, was from sales made to various parties and not unexplained money. The assessee also contested the addition of excess stock and the imposition of tax, surcharge, and cess. The appeal was heard and decided by Dr. S. Seethalakshmi, JM, and Shri Rathod Kamlesh Jayantbhai, AM.…

Legal Issues

• 1. Addition of Rs. 22,49,500/- on account of unexplained money u/s 69A
• 2. Addition of Rs. 1,34,212/- being the alleged excess stock
• 3. Imposition of tax, surcharge, and cess
• 4. Charging a special rate of tax on account of provisions of section 115BBE

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Shyam Gopal vs. DCIT, Circlel-52(1)

  C BENCH, DELHI benchAY 2013-14Allowed

• Vijaysingh Manusingh Rathore vs. The ITO, Ward-2(1)(1) Ahmedabad

  Ahmedabad bench

• Vijaykumar Hiralal Mehta Vs. DCIT, Central Circle – 4(2)

• ITO, Ward-3(1), Gaya vs. Shri Gauri Textile Industries, Gaya

  Patna Bench, Patna benchAY 2017-18Dismissed

• ACIT, Circle 52(1), New Delhi vs M/s Roopchand Jewellers

  Delhi Bench benchAY 2015-16Allowed

• Bishal Jain vs. Income Tax Officer

  Kolkata Bench benchAY 2016-17Allowed