Procedural lapses in addition for unexplained land investment: ITAT Grants stay

Siddhi Parag Patel Vs ITO (ITAT Ahmedabad)

In the case of Siddhi Parag Patel vs ITO at the Income Tax Appellate Tribunal (ITAT) Ahmedabad, the assessee sought a stay on tax recovery of Rs. 44.51 lakhs. This arose from an addition of Rs. 1.06 crore made to her income on account of unexplained land investment, confirmed by the Commissioner of Income Tax (Appeals) [CIT(A)]. The assessee argued that she had a strong case for the deletion of the addition and had already paid 20% of the demand, fulfilling the Tribunal’s criteria for granting a stay under Section 254(2A) of

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