This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reassessment Restored for Fair Hearing; Penalties u/s 271(1)(b) & 271(1)(c) Deleted
Case Law Details
- Case Name
- Manoj Arjun Nasta Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Manoj Arjun Nasta Vs ACIT (ITAT Mumbai)
NRI Not Aware of Notices: Mumbai ITAT Restores Reassessment & Deletes Penalties u/s 271(1)(b) & 271(1)(c)
Tribunal heard three connected appeals, one relating to the quantum reassessment u/s 147 r.w.s. 144 & two arising from penalties u/s 271(1)(b) & 271(1)(c). AO had made an addition of ₹62,00,000/- treating investment in an immovable property as unexplained. Assessee submitted that he had been an NRI for several decades, permanently employed abroad, earning only foreign income, & therefore was not filing returns in India. Cons...
Author Info
