CIT(A) Accepts Additional Evidence on LTCG in violation of Rule 46A: ITAT Remands to AO

ACIT Vs Sangeeta Ganpat Sawant (ITAT Mumbai)

The Income Tax Appellate Tribunal (ITAT) in Mumbai has recently delivered a significant ruling in the case of ACIT Vs Sangeeta Ganpat Sawant, addressing crucial issues related to undisclosed income and the computation of indexed cost. The decision, rendered on October 17, 2024, involves an appeal filed by the Revenue against the order issued by the Commissioner of Income Tax (Appeals) on June 13, 2024, concerning the assessment year 2018-19.

Background of the Case

Sangeeta Ganpat Sawant, the appellant in this case, is a med

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