Sh. Romi Lal Nanda, Delhi Vs. ITO, New Delhi

Last updated: 29 September 2020
Quick Summary
The Income Tax Appellate Tribunal dismissed the appeal filed by Romi Lal Nanda concerning the assessment year 2008-09. The case involved the reopening of assessment due to the alleged receipt of undisclosed cash during the sale of a property. Despite the assessee's initial denial and later claims of surrendering income 'to buy peace', the Tribunal found that the assessee had admitted to receiving cash as part payment for the property sale in earlier statements, which were later confirmed. The Tribunal upheld the Assessing Officer's action in substituting the sale consideration and determining the total income accordingly.

Court :
ITAT Delhi

Brief :
This appeal filed by the assessee is directed against the order dated 28th January 2016 of the CIT(A)-12, New Delhi, relating to assessment year 2008-09.

Citation :
ITA No.792/Del/2016

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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