MS AMALA RATHI RAYEN, MR. JOHN ROSARY RAYEN, MR SWAMATHIA ROSARIO RAYEN, MS ANI ROSELIN RAYEN ALL LE,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX - CIRCLE 26(1), MUMBAI
In the result, appeal of the assessee is allowed for statistical purposes
ITA 2851/MUM/2024[2017-18]Status: DisposedITAT Mumbai09 Aug 2024AY 2017-18
Bench: Shri Pavan Kumar Gadale & Shri Girish Agrawalassessment Year: 2017-18 Amala Rathi Rayen, Assistant Commissioner Of John Rosary Rayen, Income Tax – Circle 26(1), Swamathia Rosario Rayen & Mumbai Ani Roselin Rayen (All Legal Heirs Vs. Of Albert Swamathia Rayen) 3-A, Saurabh Apartments, P.K. Road, Mulund West, Mumbai – 400 080 (Pan : Aeapr6369F) (Appellant) (Respondent) Present For: Assessee : Ms. Vinita Nara Revenue : Shri Manoj Kumar Sinha, Sr. Dr
For Appellant: Ms. Vinita NaraFor Respondent: Shri Manoj Kumar Sinha, Sr. DR
Section 115BSection 143(3)Section 234BSection 250Section 271(1)(c)Section 69A
demonetization period, totaling to Rs. 41,73,950/- as unexplained income u/s 69A of the Act. The said addition is made purely on the basis of surmises, conjectures and presumptions.
4. Without prejudice to the above, provision of section 69A are not applicable to the facts of the present case.
5. The Ld. AO has erred in not reducing such
