Jeetendra Laxmanbhai Patel Vs ITO (ITAT Ahmedabad)
One Last Chance in ₹2.28 Cr Property Investment Case; Matter Remanded with Cost – ITAT Ahmedabad
The Ahmedabad Bench of the ITAT, in Jeetendra Laxmanbhai Patel vs. ITO, Ward-6(1)(1), Ahmedabad (ITA No.1758/Ahd/2025, AY 2014-15, order dated 18-12-2025), set aside the ex-parte order of the CIT(A)/NFAC which had confirmed addition of ₹2.28 crore u/s 69 on account of alleged unexplained investment in immovable property and taxability u/s 115BBE.
The Tribunal noted that despite multiple opportunities, the assessee had remained non-compliant both before the AO and the CIT(A). However, considering the interest of justice, the ITAT granted one final opportunity to explain the source of investment, restored the matter to the file of the AO for de-novo assessment, and imposed a cost of ₹5,000 payable to the Prime Minister’s Relief Fund as a condition for remand.
The assessee was directed to furnish all relevant bank statements, documents and explanations and to strictly comply with future notices without seeking unnecessary adjournments. The appeal was thus allowed for statistical purposes.
FULL TEXT OF THE ORDER OF ITAT AHMEDABAD
This appeal is filed by the Assessee against the appellate order dated 16.07.2024 passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre, Delhi, relating to the Assessment Year 2014-15.
