Key Points
The Income Tax Appellate Tribunal (ITAT) has nullified the income tax departments assessment against late ex-IAS officer Arvind Joshi and his wife Tinoo Joshi also an ex-IAS officer, 13 years after raids were held at his residence in Madhya Pradeshs Bhopal.o)..
Expressing displeasure over the 25 adjournments sought by the I-T commissioner over the past two years, ITAT said, There is no representative on behalf of the (I-T) department to argue these appeals despite repeated adjournments that have been taken by the department for the last more than two years and for more than 25 times..
In 2010, during an IT raid at the couples residence in Bhopal, the officials allegedly found Rs.3.03 crore in cash following which a tax evasion probe was launched against the couple..
The Joshis faced cases for disproportionate assets under the Prevention of Corruption Act and Indian Penal Code as their wealth was allegedly highly disproportionate to their known sources of income, according to IT officials..
Giving relief to both Arvind and Tinoo, the ITAT in its latest judgement said, Since the matter in case of Arvind Joshi where substantive addition was made is set aside to the record for fresh adjudication, therefore, these matters in case of Tinoo Joshi is also set aside for the record for fresh adjudication as per the outcome of the matters of Arvind Joshi..
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