SIX TWENTY REALTY PVT. LTD.,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

234 ITR 733 had held that the evidence found and the material available should be the basis for computing the undisclosed income. It was observed by the Page 11 of 28 ITA Nos. 785 to 787 & 765/Rjt/2024 Six Twenty Realty Pvt. Ltd. Bench that to hold that even without any evidence or material the Assessing Officer would be empowered

SIX TWENTY REALTY PVT LTD,RAJOT vs. DCIT, CC-1, RAJKOT, RAJKOT

234 ITR 733 had held that the evidence found and the material available\nshould be the basis for computing the undisclosed income. It was observed by the\nBench that to hold that even without any evidence or material the Assessing Officer\nwould be empowered to estimate the income was fraught with dangerous\nconsequences. The Assessing Officer cannot presume that there

SIX TWENTY REALTY PVT. LTD.,RAJKOT vs. DCIT, CC-1, RAJKOT, RAJKOT

234 ITR 733 had held that the evidence found and the material available\nshould be the basis for computing the undisclosed income. It was observed by the\nBench that to hold that even without any evidence or material the Assessing Officer\nwould be empowered to estimate the income was fraught with dangerous\nconsequences. The Assessing Officer cannot presume that there

DCIT, CENTRAL CIRCLE-1, RAJKOT, RAJKOT vs. SIX TWENTY REALTY PRIVATE LIMITED, RAJKOT

234 ITR 733 had held that the evidence found and the material available\nshould be the basis for computing the undisclosed income. It was observed by the\nBench that to hold that even without any evidence or material the Assessing Officer\nwould be empowered to estimate the income was fraught with dangerous\nconsequences. The Assessing Officer cannot presume that there