Non-Speaking Order Struck Down – ITAT Sends Capital Gain Appeal Back to CIT(A)

Tukaram Ganpat Vinode Vs ITO (ITAT Pune) Assessee, an individual, did not file return for AY 2018-19. Based on information relating to sale of immovable property for ₹8 crores, AO reopened the case & initiated proceedings u/s 147 r.w.s 144B. In response to notice, Assessee filed return declaring ₹1,05,03,390. AO examined the long-term capital gain computation & found that Assessee claimed ₹98,40,402 as selling expenses without proper evidences. AO disallowed the claim & assessed income at ₹2,03,43,792. Assessee challenged the addition before CIT(A). However, CIT(A) dismisse...