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Case Law Details
- Case Name
- Harish Jain Vs ACIT (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13, 2014-15 to 2016-17
- Courts
- All ITAT, ITAT Jaipur
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Harish Jain Vs ACIT (ITAT Jaipur)
The ITAT Jaipur recently adjudicated a case involving Harish Jain and the Assistant Commissioner of Income Tax (ACIT) concerning an addition of ₹55 lakh as undisclosed income. This dispute arose from a search operation conducted in September 2017 at the premises of Resonance Group, Kota, to which the appellant belongs. During the search, agreements related to a property transaction were seized, showing conflicting sale values. The Assessing Officer (AO) alleged that ₹55 lakh was paid in cash by Harish Jain, which was unaccounted for and added it to his inc...
