Mr. Late Smt. Vineeta Singh, Ghaziabad Vs ACIT, Ghaziabad

Last updated: 20 November 2020

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Quick Summary

This case involves a tax appeal by the heirs of the late Smt. Vineeta Singh against the ACIT, Ghaziabad, for the assessment year 2004-05. The appeal stems from a CBI search conducted at the premises of Smt. Singh's husband, Shri Tribhuvan Singh, which uncovered a significant amount of cash. The Assessing Officer noted that Shri Singh possessed assets disproportionate to his known income.

Court :
ITAT New Delhi

Brief :
This appeal filed by the assessee is directed against the order dated 7th February 2011 of the CIT(A), Ghaziabad, relating to assessment year 2004-05.

Citation :
ITA No.1791/Del/2011

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH : D : NEW DELHI

BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER
AND
SHRI KULDIP SINGH, JUDICIAL MEMBER

ITA No.1791/Del/2011
Assessment Year: 2004-05

Late Smt. Vineeta Singh,Through L/H of Mr. Tribhuwan Singh,C/o S.K. Bajaj, Advocate,106, Navyug Market,Ghaziabad.PAN: AIAPS3839B
(Appellant)

ACIT,Circle-2,Ghaziabad.
(Respondent)

Assessee by : Shri C.S. Aggarwal, Sr. Advocate
Shri Ravi Pratap Mall, Advocate.
Revenue by : Shri Jagdish Singh, Sr. DR
Date of Hearing : 01.09.2020
Date of Pronouncement : 02.11.2020

ORDER

PER R.K. PANDA, AM:

This appeal filed by the assessee is directed against the order dated 7th February 2011 of the CIT(A), Ghaziabad, relating to assessment year 2004-05.

2. Facts of the case, in brief, are that the assessee is an individual and derives income from profession as architect, income from house property and from other sources. Original return of income was filed declaring the total income at Rs.1,02,067/-. On 10th July 2003, a search was conducted by the CBI at the

premises of the assessee's husband Shri Tribhuvan Singh. During the said search,aggregate cash amounting to Rs.21,60,000/- was found, out of which an amount of Rs.21,53,000/- was seized, the details of which are as under:-

3. During the course of assessment proceedings, the AO noted from the information received from SP,CBI, New Delhi, vide letter No.2887/3/AC- 2/2003/A-005 dated 6th October, 2004 that Shri Tribhuvan Singh has assets disproportionate to his known source of income to the tune of Rs.32,75,200/- which are mainly as under:-

To know more in details find the attachment file

FAQ :

The main issue concerns assets found to be disproportionate to the known sources of income of Shri Tribhuvan Singh, the husband of the late assessee, Smt. Vineeta Singh.

This appeal relates to the assessment year 2004-05.

The original return of income filed by the assessee declared a total income of Rs. 1,02,067/-.

A search was conducted by the CBI at the premises of Shri Tribhuvan Singh on 10th July 2003.

An aggregate cash amount of Rs. 21,60,000/- was found, out of which Rs. 21,53,000/- was seized.

The Assessing Officer noted that Shri Tribhuvan Singh had assets disproportionate to his known sources of income amounting to Rs. 32,75,200/-.

Attached File : 40_2658_1604662613_vineeta_singh.pdf

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