ITAT Mumbai Rejects Appeal After Finding that Identical Case Already Heard

Advertisement Colathur N. Ram Vs ACIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, considered an appeal filed against the order dated 13.03.2024 passed by the Commissioner of Income-tax (Appeals)/NFAC for Assessment Year 2013–14. The assessee had initially challenged the assessment order dated 31.03.2016, wherein additions of ₹1,90,23,053 as long-term capital gains and ₹3,41,117 as income from house property were made and subsequently confirmed by the CIT(A). Aggrieved by this confirmation, the assessee filed a second appeal before the Tribunal, contesting the addit...