SATYAVIR SINGH CHANDEL HUF,KARNAL vs. NATIONAL FACELESS APPEAL CENTRE, DELHI
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2013-14, arises against the CIT(A)/NFAC, Delhi’s DIN & order No.
ITBA/NFAC/S/250/2024-25/1074322925(1) dated 11.03.2025, in proceedings u/s 143(3) r.w.s. 147 of the Income Tax Act,
1961 (in short “the Act”).
Case called twice. None appears at the assessee’s behest. It is accordingly proceeded ex-parte.
It next emerges with the able assistance coming from the Revenue side and from a perusal of the facts on record that both the learned lower authorities have treated the assessee’s investments in immovable property of Rs.13,08,661/-; as unexplained u/s 69 of the Act which had been actually finalized Satyavir Singh Chandel HUF 2 in the financial year 2011-12 on various dates between 10.08.2011 to 17.09.2011; totaling to Rs.15,80,750/-.
This being the clinching factual position, the tribunal is of the considered view that the above impugned investments would not have been treated as unexplained in A.Y. 2013-14 since pertaining to F.Y. 2011-12. The impugned addition is deleted in very terms therefore.
All other pleadings on merits stand rendered academic.
This assessee’s appeal is allowed. Order Pronounced in the Open Court on 02/06/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 02/06/2025
*Subodh Kumar, Sr. PS*