This case summary addresses the appeal by Pankaj Bansal against the Principal Commissioner of Income Tax (Central), Gurgaon, concerning the assessment year 2017-18, marked by the case number ITA 384/DEL/2021. The proceedings were held at the Income Tax Appellate Tribunal in Delhi, under the supervision of Judicial Member, Shri Chandra Mohan Garg, and Accountant Member, Shri Pradip Kumar Kedia.
The appellant, Pankaj Bansal from Gurgaon, was aggrieved by adjustments made to his tax assessments for the year 2017-18, leading to this appeal. The case highlights crucial aspects of tax administration and the appellate process.
The Tribunal examined various grounds raised by Bansal, particularly focusing on the procedural and substantive fairness of the tax assessment. Key issues debated included the adequacy of the evidence presented by the taxpayer and the legal interpretation of tax statutes applied by the CIT.
The Tribunal’s decision provided a detailed analysis of the legal arguments, with emphasis on the principles of natural justice and the correctness of the procedural steps followed by the tax authorities. The final judgment offered relief to Bansal, setting a precedent on handling similar disputes.
This case serves as a significant reference for understanding the procedural intricacies and judicial reasoning involved in tax appeals. It underscores the importance of adhering to statutory deadlines and the correct application of tax laws.
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