MANDEEP SINGH OBEROI,GHAZIABAD vs. DCIT, CIRCLE 2(1)(1) GHAZIABAD, GHAZIABAD
Before: SHRI SATBEER SINGH GODARAAssessment Year: 2012-13 Sh. Mandeep Singh Oberoi, C/o- CA Vaibhav Goel, 75 Navyug Market, 1st Floor, Ghaziabad Vs. DCIT, Circle-2(1)(1), Ghaziabad PAN: AAGPO4208A (Appellant)
This assessee’s appeal for assessment year 2012-13 arises against the Commissioner of Income Tax (Appeals)/Addl./JCIT(A)-
4, Chennai’s DIN and order no. ITBA/APL/S/250/2024-
25/1073408791(1), dated 18.02.2025 involving proceedings under section 143(3) r.w.s. 147 of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).
Heard both the parties. Case file perused.
2. It transpires at the outset with the able assistance coming from both the parties that the learned lower authorities has set into motion section 148/147 proceedings against the assessee after
Assessee by Sh. Vaibhav Goel, CA
Department by Sh. Manoj Kumar, Sr. DR
Date of hearing
22.07.2025
Date of pronouncement
22.07.2025
2 | P a g e recording reasons to believe that her unexplained investment in sale/purchase of properties to the tune of Rs.54.63 lakhs/- had escaped assessment whereas the assessment order herein dated
07.11.2019 ended up in disallowance of loss on house property of Rs.1.5 lakhs, which has been confirmed in the lower appellate discussion.
3. The above being the clinching factual position, I hereby quote
4. This assessee’s appeal is allowed.
Order pronounced in the open court on 22nd July, 2025 (SATBEER SINGH GODARA)
JUDICIAL MEMBER
Dated: 22nd July, 2025. RK/-