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Case Law Details

Case Name : Karim Tajdin Halani Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2016-17
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Karim Tajdin Halani Vs ITO (ITAT Ahmedabad)

Income Tax Appellate Tribunal (ITAT) Ahmedabad, in Karim Tajdin Halani vs. ITO, deleted an Rs. 18 lakh addition made by the Assessing Officer (AO) on the grounds of unexplained investment. The case pertained to the assessment year 2016-17, where the assessee’s return was selected for scrutiny under CASS to verify cash deposits and property transactions. The AO added Rs. 18 lakh as undisclosed investment, arguing that the amount was not explained. The CIT(A) upheld the addition, prompting the assessee to appeal before ITAT.<

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