Facts of the Case
The assessee, Om Prakash Kushwaha, was subjected to assessment
proceedings by the Income Tax Department during which certain additions were
made to the returned income.
These additions were based on information and material
considered by the Assessing Officer. The assessee challenged the assessment on
the ground that adequate opportunity to explain the transactions and evidence
was not properly granted.
After the order of the lower authority, the matter reached the
ITAT.
Issues Involved
- Whether
the additions made by the Assessing Officer were legally sustainable
without proper examination of the assessee’s explanation and supporting
evidence.
- Whether
assessment proceedings complied with the principles of natural justice.
Petitioner’s (Assessee’s) Arguments
- The
assessee contended that sufficient opportunity to present explanations and
documents was not provided.
- It
was argued that the additions were made without proper verification of
facts.
- The
assessment order was alleged to be arbitrary and unjustified.
Respondent’s (Revenue’s) Arguments
- The
Revenue supported the assessment order and maintained that the additions
were based on available material.
- It
was argued that the Assessing Officer acted within statutory powers during
assessment proceedings.
- The
order of the lower authorities was defended as legally valid.
Court Findings / ITAT Order
- Proper
opportunity of hearing is a fundamental requirement in assessment
proceedings.
- Additions
cannot be sustained solely on the basis of information without allowing
the assessee to explain the same.
- Adequate
verification of facts is essential before determining taxable income.
Important Clarification by ITAT
Assessment orders that do not provide adequate opportunity to
the assessee or fail to properly verify explanations may violate principles of
natural justice and may not be sustainable in law.
Link to download the order - https://itat.gov.in/public/files/upload/1663071847-ita%20no.%2021%20Alld%202022%20Om%20Prakash%20Kushwaha.pdf
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