SUNDEEP GARG,PALWAL vs. ITO, WARD-2(4) , FARIDABAD
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2012-13, arises against the CIT(A)/NFAC, Delhi’s DIN & order No.
ITBA/NFAC/S/250/2024-25/1072941414(1) dated 05.02.2025, in proceedings u/s 143(3) r.w.s. 147 of the Income Tax Act,
1961 (in short “the Act”).
Heard both the parties at length. Case file perused.
It emerges at the outset during the course of hearing that the learned Assessing Officer had recorded his reasons to belief that the assessee’s taxable income of Rs.1,01,44,603/- representing investment in purchase of immovable property in the relevant previous year, had escaped assessment whereas his re-assessment framed on 20.11.2019 ended up in making Sundeep Garg
2
section 68 unexplained cash credits addition of Rs.37,50,000/- only.
This being the clinching factual position, I hereby quote 5. This assessee’s appeal is allowed. Order Pronounced in the Open Court on 10/07/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 10/07/2025
*Subodh Kumar, Sr. PS*