Absence of Legal Heir Certificate Alone Cannot Justify Section 68 Addition; ITAT Delhi Reduces GP Estimation

Rajesh Kapoor Vs ACIT (ITAT Delhi) Absence of Legal Heir Certificate Alone Cannot Justify Section 68 Addition; ITAT Delhi Reduces GP Estimation Material Facts The assessee appealed against the order dated 18.11.2024 passed by the Commissioner of Income Tax (Appeals) under Section 250 for Assessment Year 2016-17, arising from an assessment order dated 25.12.2018 passed under Section 144 of the Income-tax Act, 1961. The appeal before the Tribunal was delayed by 38 days, which the assessee attributed to the death of his father, who had managed his business affairs. The Tribunal condoned the delay...