Case Law Details
Case Name : Gaurav Kumar Goenka Vs DCIT (ITAT Chennai)
Related Assessment Year : 2010 - 2011
Courts :
All ITAT ITAT Chennai
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Gaurav Kumar Goenka Vs DCIT (ITAT Chennai)
It is an admitted fact by the Assessee’s alleged credit card transaction had happened due to an inadvertent allotment of the PAN Number which he never used for filing the return of income but the same was reflected in his credit card expenses and the alleged transaction of Rs.30,75,430/- was treated by the Assessing Officer as unexplained expenses u/s.69C of the Income Tax Act, 1961. However, while deciding the appeal of the Assessee, the learned Commissioner of Income Tax (Appeals) allowed relief to the extent of Rs. Rs.26,66,240/- and the remainin...
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