Case Law Details
PCIT Vs Rashmi Rajiv Mehta (Delhi High Court)
The Delhi High Court recently adjudicated on a crucial tax dispute between the Principal Commissioner of Income Tax (PCIT) and Rashmi Rajiv Mehta. The case revolved around the validity of a photocopy of a sale agreement concerning property in Ghittorni, Delhi. This article provides a comprehensive analysis of the court’s judgment, highlighting the key arguments and implications.
Detailed Analysis
The dispute arose from the Income Tax Appellate Tribunal’s (ITAT) decision on appeals filed by both the Revenue and the assessee against an assessment order related to the Assessment Year (AY) 2010-11. The crux of the matter was the addition of Rs. 9,00,00,000 to the assessee’s income based solely on a photocopy of an alleged agreement to sell.
The Assessing Officer (AO) relied on the photocopy, presuming its authenticity due to similar signatures of the parties involved. However, both the CIT(A) and the ITAT questioned the veracity of the document, emphasizing the lack of original evidence and the failure to establish its authenticity.
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