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Case Law Details

Case Name : Rajsheel Jitendra Patel Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2019-20
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Rajsheel Jitendra Patel Vs ITO (ITAT Ahmedabad) Loose Excel Sheet With Wrong Seller Name Can’t Justify On-Money Addition; Joint Ownership Proven Through Society Records – Sec. 69 & Sec. 56 Additions Deleted In this appeal filed by Rajsheel Jitendra Patel against the order passed u/s 147 r.w.s. 144C(13) pursuant to DRP directions, ITAT Ahmedabad examined two major additions: first, an alleged unexplained investment of Rs. 48,89,877/- said to be on-money in a Sky City Floris flat & second, Rs. 1,56,00,000/- treated as unexplained receipts arising from sale of a jointly held property ...
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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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