Case Law Details
Pravinchandra Naranbhai Patel Vs ITO (ITAT Ahmedabad)
The case of Pravinchandra Naranbhai Patel vs ITO revolves around an appeal filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi. The appeal pertains to the Assessment Year 2012-13 and concerns non-cooperation by the tax consultant in furnishing details of investment in property.
The Assessee filed an appeal against the order passed by the CIT(A) regarding the Assessment Year 2012-13. The appeal arises from the issue of non-cooperation by the tax consultant in providing details of an investment in property. The Assessee raised several grounds of appeal challenging the validity of the order passed by the Assessing Officer (AO) and confirmed by the CIT(A). The Assessee contended that the order passed was bad in law and questioned the addition made under section 69 of the Income Tax Act.
The AO initiated proceedings under Section 147 due to the Assessee’s failure to furnish satisfactory information regarding investments in two properties. The AO added Rs. 74.27 lakhs to the Assessee’s income as unexplained investment. The CIT(A) confirmed the addition after the Assessee’s submissions were found unconvincing.
In an affidavit dated 9th March 2023, the Assessee explained that incomplete information was submitted to the tax authorities due to disputes with the consultant. The Assessee acknowledged the need for proper compliance and revealed a change of consultants. The Assessee sought a fresh opportunity to present the relevant details and cooperate fully.
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