This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Income Tax Additions based On Generalised Investigation Wing Report: ITAT Mumbai
Case Law Details
- Case Name
- ITO Vs PrakashmalMalraj Jain (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ITO Vs PrakashmalMalraj Jain (ITAT Mumbai)
In the case of ITO Vs. Prakashmal Malraj Jain, the Income Tax Appellate Tribunal (ITAT) Mumbai dismissed the Revenue’s appeal challenging the order of the Commissioner of Income Tax (Appeals) (CIT(A)) concerning the assessment year 2014-15. The dispute revolved around the addition of Long Term Capital Gains (LTCG) declared by the assessee, which the Assessing Officer (AO) deemed bogus based on a generalized report from the Investigation Wing. The AO reopened the assessment and assessed the sale proceeds as income without conducting an independen...
