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Tribunal Grants Final Opportunity to Non-Filer Before Upholding Reassessment
Case Law Details
- Case Name
- Rajendra Ganpat Jagtap Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
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Rajendra Ganpat Jagtap Vs ITO (ITAT Pune)
ITAT Pune allowed the assessee’s appeal for statistical purposes, directing the CIT(A) to provide one final chance to substantiate claims regarding long-term capital gains on property sale. The reassessment of Rs. 2.81 crore remains subject to proper consideration.
The case of Rajendra Ganpat Jagtap Vs ITO (ITAT Pune) concerns a non-filer of an Income Tax Return (ITR) whose assessment was reopened by the Income Tax Officer (ITO) for the Assessment Year (AY) 2018-2019 due to high-value financial transactions.
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