INCOME TAX OFFICER, WARD-1, JIND, JIND vs. VIKAS JAIN, JIND
In the result, the assessee succeeds in its cross-objection
ITA 838/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
Bench: Hon’Ble Shri Laliet Kumar, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No.838/Chandi/2024 (िनधा"रणवष" / Assessment Year: 2018-19) Income Tax Officer Shri Vikas Jain बनाम/ Ward 1 Nav Bharat Steel & General Industries Vs. Jind-126102. Indira Bazar, Jind-126102. "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aeqpj-3689-E (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. Co No. 28/Chandi/2025 [In Ita No.838/Chandi/2024) Shri Vikas Jain Income Tax Officer बनाम/ Nav Bharat Steel & General Industries Ward 1 Vs. Indira Bazar, Jind-126102. Jind-126102. "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aeqpj-3689-E (Cross Objector) : (Respondent) Assessee By : Shri Suresh Gupta (Ca) – Ld. Ar Revenue By : Smt. Tarundeep Kaur (Cit) – Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 01-09-2025 घोषणाकीतारीख /Date Of Pronouncement : 11/11/2025
For Appellant: Shri Suresh Gupta (CA) – Ld. ARFor Respondent: Smt. Tarundeep Kaur (CIT) – Ld. DR
Section 147Section 148Section 151ASection 69C
151A of the Income
Tax Act therefore, such assessment is void ab initio and liable to be quashed.
4. The addition of Rs.7,67,89,408/- being purchases, which according to AO being bogus and subjected to tax u/s 69C of IT Act. This action is unsustainable in law being outside the ambit of Sec.69C of IT Act in view
