This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition towards unexplained investment u/s 69 based on presumptions unsustainable
Case Law Details
- Case Name
- Anoop Kumar Soni Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Anoop Kumar Soni Vs DCIT (ITAT Delhi)
ITAT Delhi held that entire addition towards unexplained investment under section 69 of the Income Tax Act merely on the basis of presumption is unsustainable in law.
Facts- During the course of search on M/s Jindal Bullion Ltd. Group (JBL) on 05.01.2017, data pertaining to the F.Y. 2014-15, 2015-16, and 2016-17 in the form of digital data and loose sheets were seized. Digital data was maintained in a software named “Hazir Johri” at the residential cum business premises of Sh. Kusharg Jindal (promoter and Director of JBL) in a dongle...
Author Info
