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Section 69 Addition Unsustainable When Land Transactions Were on Employer’s Behalf: ITAT Delhi
Case Law Details
- Case Name
- ITO Vs Gagnish Arora (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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ITO Vs Gagnish Arora (ITAT Delhi)
The Revenue appealed against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] deleting an addition of ₹2,71,27,420 made under Section 69 of the Income-tax Act, 1961. The assessment arose from proceedings initiated under Section 147 read with Section 144B for AY 2014-15 following a notice issued under Section 148. The Assessing Officer (AO) reopened the assessment after a search conducted under Section 132 in the Alchemist Group allegedly revealed documents recording cash payments made by the assessee for the purchase of land in...
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