Case Law Details
Case Name : Pareshkumar Patil Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Ahmedabad
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Pareshkumar Patil Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that AO and CIT(A) confirmed the addition since there was non-compliance on the part of the assessee. Thus, one more opportunity granted to the assessee to present its case however with a direction to deposit INR 2000 to the Prime Minister’s Relief Fund.
Facts- Notice was issued under section 148 of the Income Tax Act. However, assessee failed to respond to the same. AO observed that the assessee received a total sale consideration of Rs. 34,77,000/- from sale of property and made an investment of Rs. 19,50,000/- in the purchase o...
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