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ITAT quahes Revision Order u/s 263 for Re-examining Large Cash Deposits in Bank
Case Law Details
- Case Name
- Navneet Bhardwaj Vs PCIT (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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Navneet Bhardwaj Vs PCIT (ITAT Delhi)
In a pivotal judgment, the Income Tax Appellate Tribunal (ITAT) Delhi has set aside the revisionary order u/s 263 of the Income Tax Act, dated 27.03.2021, passed by the Principal Commissioner of Income Tax (PCIT), Dehradun. The case, Navneet Bhardwaj Vs PCIT, revolves around the assessment year 2016-17 and primarily deals with the legality of large cash deposits in a savings bank account.
The Grounds Raised by the Assessee: Navneet Bhardwaj, the assessee, raised several grounds for appeal. The primary contention was that the Assessing Off...
