Legal control under a JDA constitutes transfer for capital gain: ITAT Kolkata

Sunil Kumar Vs ITO (ITAT Kolkata)

The assessee, an individual, filed an appeal before the ITAT Kolkata challenging the order of the Commissioner of Income Tax (Appeals)-NFAC, Delhi, dated 19.02.2024, for Assessment Year 2016-17 under Section 250 of the Income Tax Act, 1961. The appeal before the Tribunal was initially barred by 342 days, but the delay was condoned after the assessee demonstrated sufficient cause for the late filing.

The grounds of appeal included claims that the CIT(A) erred in calculating the assessed income, that the assessee had not concealed income or fu

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