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Section 69A Addition Set Aside as Beyond Scope of Appeal: Allahabad HC
Case Law Details
- Case Name
- Smt. Sarika Jain Vs CIT (Allahabad High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Allahabad High Court
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Smt. Sarika Jain Vs CIT (Allahabad High Court)
The appeal under Section 260A of the Income Tax Act challenged the Income Tax Appellate Tribunal’s order dated 20.12.2007. The issue before the High Court was whether the Tribunal was justified in adding ₹12,20,000 under Section 69A after deleting the addition made by the Assessing Officer and confirmed by the CIT(A) under Section 68. The assessee had introduced capital of ₹12,20,000 in a partnership firm, explaining it as gifts of ₹5,00,000 and ₹7,20,000 received through banking channels from two donors, supported by gift deeds and ...
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