ITAT held that the assessee failed to produce the approval order ...

Taxpayer's Challenge Dismissed: Lack of Section 153D Approval and Insufficient Evidence Undermines Income Declaration Appeal

June 6, 2025

Case Laws Income Tax AT

ITAT held that the assessee failed to produce the approval order under Section 153D, rendering challenge to the assessment order ineffective. The tribunal rejected additional grounds raised by the assessee due to lack of substantive evidence. The AO's assessment was found problematic regarding income declaration, with insufficient documentation to explain cash sources during search proceedings. The assessee's failure to provide supporting evidence for income from real estate business and cash explanations led to dismissal of the appeal, upholding the original assessment order as prejudicial to revenue interests.

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ITAT held that the assessee failed to produce the approval order ...

Taxpayer's Challenge Dismissed: Lack of Section 153D Approval and Insufficient Evidence Undermines Income Declaration Appeal

June 6, 2025

Case Laws Income Tax AT

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