This case analysis delves into the appeal filed by Navratan Daga against the order of the Commissioner of Income-Tax (Appeals)-29, New Delhi, pertaining to the assessment year 2018-19, highlighting key legal arguments and tribunal decisions.
Navratan Daga, resident of Mumbai, faced an assessment by the DCIT, Central Circle-27, Delhi. The core of the dispute involves additions made under Section 69A and 69C of the Income Tax Act, 1961, concerning undisclosed cash and jewellery found during a search operation.
The tribunal noted the absence of the appellant during several hearings and proceeded to judge the case based on the merits of the material on record. Despite the assessee’s non-compliance with procedural requirements, the tribunal addressed the substantive issues.
The tribunal upheld both additions, citing lack of adequate evidence or explanation from the assessee.
This case underscores the importance of maintaining proper records and providing cogent evidence to substantiate claims during tax assessments. It serves as a cautionary tale for taxpayers about the repercussions of non-compliance and the necessity of engaging actively in the judicial process.
Case Analysis of ITA 910/DEL/2021: Navratan Daga vs DCIT, Central Circle-27, Delhi
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