ITAT Mumbai Deletes Capital Gains Addition for Unsigned MOU & Cross-Examination Denial

Ramesh Deora Vs DCIT (ITAT Mumbai) The appeal was filed against the order dated 19.08.2025 passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi, for Assessment Year 2016–17. The assessment had been completed under Section 143(3) read with Section 147 of the Income Tax Act, 1961, pursuant to reopening of assessment. The assessee had originally filed his return on 31.03.2017 declaring total income of Rs. 3,57,550. During the year, he and his wife sold an immovable property for Rs. 2,90,00,000. This transaction was not reflected in the original return...