This document summarizes the proceedings and decision of the Income Tax Appellate Tribunal, Delhi Bench, in the case between Pradeep Kumar Mehra and the Deputy Commissioner of Income Tax, Circle-58(1), Delhi, concerning the assessment year 2018-19.
The case involves the appellant, Pradeep Kumar Mehra’s appeal against the order dated August 23, 2022, passed by NFAC, Delhi. The primary issue was the penalty imposed for misreporting of income.
The tribunal noted that the assessee declared a total income in his 2018 tax return but failed to report rental income from a property in Singapore. This omission led to scrutiny, and the Assessing Officer determined that there was an underreporting of income, thereby imposing a penalty. The assessee’s argument that he intended to report the income once the money was transferred to India was rejected by the tribunal, citing the assessee’s obligation to report global income.
The tribunal upheld the penalty, agreeing with the lower authorities that the misreporting was intentional. The case underscores the importance of accurately reporting foreign income and the consequences of non-disclosure.
Pradeep Kumar Mehra vs. DCIT, Circle-58(1), Delhi – ITA 2553/DEL/2022 for Assessment Year 2018-19
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