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ITAT Grants Last Chance in ₹2.28 Cr Unexplained Property Investment Case

Case Law Details

Case Name
Jeetendra Laxmanbhai Patel Vs ITO (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2014-15
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Jeetendra Laxmanbhai Patel Vs ITO (ITAT Ahmedabad) One Last Chance in ₹2.28 Cr Property Investment Case; Matter Remanded with Cost – ITAT Ahmedabad The Ahmedabad Bench of the ITAT, in Jeetendra Laxmanbhai Patel vs. ITO, Ward-6(1)(1), Ahmedabad (ITA No.1758/Ahd/2025, AY 2014-15, order dated 18-12-2025), set aside the ex-parte order of the CIT(A)/NFAC which had confirmed addition of ₹2.28 crore u/s 69 on account of alleged unexplained investment in immovable property and taxability u/s 115BBE. The Tribunal noted that despite multiple opportunities, the assessee had remained non-compliant b...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,641

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