Addition for Unexplained Cash Investment Without Proper application of mind Unjustified

Shiv Kumar Nayyar Vs DCIT (ITAT Delhi)

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi sided with Shiv Kumar Nayyar in his appeal against the decision of the Commissioner of Income Tax (Appeals)-27, New Delhi, regarding the Assessment Year 2007-08. The core of the dispute revolved around the addition of ₹6,91,875 as income from undisclosed sources linked to Nayyar’s investment in a real estate project.

Background of the Case: The dispute or

Please become a Premium member. If you are already a Premium member, login here to access the full content.