Vibhuti Bhargava Vs. Assistant Commissioner of Income Tax
Case No: ITA No.2515/DEL/2024 (A.Y.2016-17)
Court: Income Tax Appellate Tribunal, Delhi Bench 'D', Delhi
Date: 2/21/2025
Parties Involved
appellantVibhuti Bhargava
respondentAssistant Commissioner of Income Tax, Circle International Taxation 1(1)(2), Delhi
Facts Summary
This appeal by the assessee, Vibhuti Bhargava, is directed against the assessment order dated 27.03.2024 passed under sections 147 and 144 of the Income Tax Act, 1961, for assessment year 2016-17. The assessee is a non-resident with no source of income in India. A search and seizure action under section 132 of the Act was carried out on the Navratna Group, leading to the seizure of a laptop containing details of the Kalhaar Blues & Greens (KBG) real estate project. It is alleged that the assesse…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of proceedings under section 148 of the Act
- 2. Addition of Rs.9,06,000/- on account of alleged payment of on-money
2 more legal issues analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.