Sh. Vijay Pratap Singh vs Assistant Commissioner Of Income Tax, Circle-2(1)(1)

PER SATBEER SINGH GODARA, JM:

This assessee’s appeal for assessment year 2021-22, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2026-27/1089023990(1), dated 15.05.2026 involving proceedings under section 147 of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).

Heard both the parties. Case file perused.

Learned departmental representative vehemently argues in support of both the learned lower authorities’ respective assessment and lower appellate findings that the assessee/appellant herein has rightly been assessed for having paid on-money of Rs. 2,34,396/- to the developer M/s. Bhutani Infra Group as per departmental authorities’ search action having found/seized the corresponding incriminating material on 04.01.2024.

I have given my thoughtful consideration to the assessee’s and the Revenue’s respective vehement submissions against and in support of the impugned addition. There is hardly any dispute between the parties that both the learned lower authorities have more gone by mere assumptions and presumptions than having discussed any specific incriminating material indicating the assessee to have made the impugned on-money payment to the searched party in question. It is further emphasized that there is no indication in the assessment order or in the lower appellate discussion taking not any actual evidence against the assessee to buttress the on-money allegation against him. I thus find no merit in the impugned addition of Rs. 2,34,396/- which is hereby deleted in very terms.

This assessee’s appeal is allowed.