The Commissioner Of Income Tax v. Shri Bhagirath Aggarwal

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI 5. + ITA 1551/2010 THE COMMISSIONER OF INCOME TAX Through: ..... Appellant Ms. Rashmi Chopra, Standing Counsel versus SHRI BHAGIRATH AGGARWAL ..... Respondent Through: Mr. Piyush Kaushik, Advocate 6. + ITA 1555/2010 AND THE COMMISSIONER OF INCOME TAX Through: versus ..... Appellant Ms. Rashmi Chopra, Standing Counsel SHRI BHAGIRATH AGGARWAL ..... Respondent Through: Mr. Piyush Kaushik, Advocate % Date of Decision: 7[th] October, 2010 CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE MANMOHAN 1. Whether the Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporter or not? 3. Whether the judgment should be reported in the Digest? MANMOHAN, J CM 17626/2010 in ITA 1555/2010 (Exemption) Allowed, subject to all just exceptions. ITA Nos. 1551/2010 & 1555/2010 Page 1 of 2 ITA Nos. 1551/2010 & 1555/2010 1.The present appeals have been filed under Section 260A of Income Tax Act, 1961 (for brevity, “Act”) challenging the composite order dated 28[th] August, 2009 passed by the Income Tax Appellate Tribunal (in short “Tribunal”) in ITA Nos. 3453/Del/2008 and 3596/Del/2008, for the Assessment Year 2005-2006. 2.Ms. Rashmi Chopra, learned counsel for Revenue submitted that the Tribunal had erred in law in deleting the addition made by the Assessing Officer on account of undisclosed investment made by the assessee solely on the basis of DVO’s report. 3.Admittedly, in the case of Smt. Suraj Devi, one of the co-owners of the property in question titled as Commissioner of Income Tax Vs. Smt. Suraj Devi, ITA No. 811/2010 decided on 13[th] August, 2010, this Court has upheld the order of the Tribunal deleting the addition made solely on account of DVO’s report. 4.Keeping in view the aforesaid mandate of law in Smt. Suraj Devi(supra), the present appeal is dismissed. MANMOHAN, J CHIEF JUSTICE OCTOBER 07, 2010 rn ITA Nos. 1551/2010 & 1555/2010 Page 2 of 2