Balvinder Kumar Nanda, Delhi Pr, CIT-16, New Delhi

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Last updated: 21 December 2020
Quick Summary
This Income Tax Appellate Tribunal (ITAT) Delhi case involves an appeal by Balvinder Kumar Nanda against an order passed by the Principal Commissioner of Income Tax (PCIT-16) under Section 263 of the Income Tax Act for the assessment year 2015-16. The assessee, engaged in the electronics components business, had declared a total income of Rs. 5,07,98,490/-. Following a limited scrutiny regarding an increase in capital, the Assessing Officer found no discrepancies and assessed the income as returned. The PCIT subsequently issued an order under Section 263, which the assessee is now appealing.

Court :
ITAT New Delhi

Brief :
Aggrieved by the order dated 20/12/2019 under section 263 of theIncome Tax Act, 1961 (for short “the Act”) passed by the principalCommissioner of Income Tax-16, New Delhi (“Ld. PCIT”) in the case of Sh. Balvinder Kumar Nanda (“the assessee”) for the assessment year 2015-16, the assessee filed this appeal.

Citation :
ITA No.-485/Del/2020

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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