Vedant Bhatnagar vs Income Tax Officer, Ward-49(1), New Delhi-110002

Parties Involved

Facts Summary

The assessee’s appeal for Assessment Year 2011-12 arises against the Addl./JCIT(A)-5, Mumbai’s DIN & order No. ITBA/APL/ S/250/2025-26/1083074346(1) dated 27.11.2025, in proceedings u/s 143(3) of the Income Tax Act, 1961. The legal issue of validity of the impugned reopening itself arises as the learned assessing authority had set into motion the impugned proceedings against the assessee regarding the sole reason of total transactions of Rs.38,95,30,324/- whereas his assessment framed on 28.12.2018 in question ended up in disallowing/adding commission income of Rs.38,95,326/- from undisclosed sources and Rs.4,925/- as interest income.…

Legal Issues

• 1. Validity of the impugned reopening by the assessing authority

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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