Case Number: ITA 439/DEL/2021
Appellant: Raj Singh Malik, Rohtak
Respondent: ITO Ward – 5, Rohtak
Assessment Year: 2015-16
Order Type: Final Tribunal Order
Date of Order: 2022-09-21
Pronounced on: 2022-09-21
Raj Singh Malik filed an appeal against the order of the Commissioner of Income-tax (Appeals), Rohtak dated June 27, 2019, concerning the assessment year 2015-16. The main issue was the addition of Rs. 7,47,844 based on transactions deemed suspicious by the ITO, leading to a reassessed income significantly higher than declared.
The appellant argued that the additions were unjust and lacked evidential basis, specifically pointing out the insufficiencies in the assessment process. The Tribunal, after considering the submissions and the additional evidence provided, decided to set aside the orders of the lower authorities and remand the matter back to the Assessing Officer for a fresh decision, ensuring that the appellant is given a reasonable opportunity for hearing.
The Tribunal’s decision to remand the case to the Assessing Officer for further investigation highlights the importance of proper evidence and procedural fairness in tax assessments. The appeal was allowed for statistical purposes, indicating that while the tribunal did not make a final decision on the merits, it recognized procedural lapses significant enough to warrant a re-evaluation.
Appeal of Raj Singh Malik vs. ITO Regarding Undisclosed Capital Gains – ITA 439/DEL/2021
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