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ITAT Delhi Remands ₹61 Lakh Property Addition – Additional Evidence Admitted Under Rule 29
Case Law Details
- Case Name
- Ravinder Kaur Bhasin Vs ACIT/NFAC (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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Ravinder Kaur Bhasin Vs ACIT/NFAC (ITAT Delhi)
Assessee appealed against the NFAC order dated 30.12.2024 confirming an addition of ₹61,00,000 u/s 69 as unexplained investment towards property purchase. The assessment had been reopened u/s 147 on information that Assessee purchased an immovable property of the said value but failed to file a return or respond to notices. AO, finding no compliance, made the addition & completed the assessment u/s 144/147.
Before Tribunal, Assessee contended that both AO & CIT(A) ignored documentary evidence showing that the investment was financed thro...
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