Purchase of property wrongly alleged as sale hence matter remanded back: ITAT Delhi

Madhulika Mishra Vs ITO (ITAT Delhi)

ITAT Delhi held that revenue has wrongly proceeded on mis-appreciation of facts of substantive nature as purchase of property wrongly alleged by AO as sale of property. Thus, matter remanded back to the file of AO.

Facts- The case of the assessee was reopened on the premise that the assessee has sold immovable property of Rs.3,97,74,132/- and also received salary of Rs.3,73,347/- for the F.Y. 2016-17 relevant A.Y. 2017-18 but however has not filed the return of income.

CIT(A) has dismissed the appeal of the assesse

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