SHRI RAM CHANDER,DELHI vs. INCOME TAX OFFICER, DELHI
Before: SHRI SATBEER SINGH GODARAAssessment Year: 2012-13 Shri Ram Chander, 10885, Idgah Baptist Church Camp, Idgah Road, New Delhi Vs. Income Tax Officer, New Delhi PAN :ACSPC3769N (Appellant)
This assessee’s appeal for assessment year 2012-13, arises against the Commissioner of Income Tax (Appeals)/National
Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2024-25/1065988340(1), dated
24.06.2024 involving proceedings under section 147 r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).
2. Heard both the parties at length. Case file perused.
3. It emerges during the course of hearing that both the learned lower authorities have added an amount of Rs.7,02,800/- in Assessee by Sh. Daljit Singh, Adv.
Department by Sh. Sanjay Kumar, Sr. DR
Date of hearing
06.01.2025
Date of pronouncement
06.01.2025
2 | P a g e assessee’s hands as an unexplained investment which represents stamp duty of Rs.2,42,800/- and a portion of the purchase price of Rs.4.6 lakhs; respectively.
4. The Revenue’s vehemently contends that both these impugned additions deserve to be upheld as the assessee has not been able to explain the source of his investment to this limited extent. The assessee on the other hand invites the undersigned’s attention to his bank statement indicating bank loan of Rs.4,22,670/- (personal loan) followed by interest payment thereupon as well at page 30 which reveals that it was M/s. India
Bulls which had in fact disbursed the stamp duty of Rs.2,42,800/- herein. I conclude in these peculiar facts and circumstances of the case that the assessee has specifically discharged his onus of proving source of additions, and therefore, the same are directed to be deleted.
5. This assessee’s appeal is allowed.
Order pronounced in the open court on 6th January, 2025 (SATBEER SINGH GODARA)
JUDICIAL MEMBER
Dated: 6th January, 2025. RK/-