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Registered Property Deeds Alone Not Incriminating for Tax Reassessment: ITAT Jaipur
Case Law Details
- Case Name
- DCIT Vs Smt. Kamla Prabha (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Jaipur
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DCIT Vs Smt. Kamla Prabha (ITAT Jaipur)
The ITAT Jaipur ruled that merely possessing registered property deeds cannot be treated as incriminating material under Sections 153A/153C of the Income Tax Act. Reassessment requires evidence of previously undisclosed income or assets, and disclosed transactions cannot be reopened based solely on documents.
In DCIT vs Smt. Kamla Prabha (ITAT Jaipur), the Revenue challenged the CIT(A)’s deletion of additions made by the AO in relation to capital gains arising from sale of land, alleging that the CIT(A) relied on technical grounds without addressing th...
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