ITAT Deletes Jewellery Addition, Considering Assessee’s family Background & professional standing

Mudita Chaturvedi Vs ACIT (ITAT Delhi)

The Income Tax Appellate Tribunal (ITAT) Delhi delivered a notable judgment in the case of Mudita Chaturvedi Vs. ACIT, overturning the decision of the Commissioner of Income Tax (Appeals) [CIT(A)]. This article provides a comprehensive overview of the case and the pivotal ruling issued by the ITAT.

Case Overview

• Background: The appeal by the assess

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