ITAT Delhi Dismisses Revenue’s Appeal on Low Tax Effect

DCIT Vs Shri Rajesh Aggarwal (ITAT Delhi) Introduction: This case pertains to an appeal filed by the Department against the order of the Commissioner of Income-Tax (Appeals) in New Delhi. The Department’s appeal was directed against the assessment order passed by the Deputy Commissioner of Income Tax for the assessment year 2011-12. Detailed Analysis: The grounds cited by the Department in their appeal revolve around the addition of Rs. 7,20,130 made by the Assessing Officer. The form submitted indicates a tax effect of Rs. 2,22,520 on the mentioned addition of Rs. 7,20,130. During the p...