Debasish Banerjee vs. ITO, Ward-44(1), Kolkata
Case No: ITA No.1047/Kol/2025
Court: Income Tax Appellate Tribunal, 'A' Bench, Kolkata
Date: 10/27/2025
Parties Involved
appellantDebasish Banerjee
respondentITO, Ward-44(1), Kolkata
Facts Summary
The assessee, Debasish Banerjee, filed his return of income declaring a total income of Rs.2,40,660/- for the assessment year 2018-19. The case was selected for limited scrutiny regarding the sale consideration reported in the capital gain schedule, which was less than the value as per the stamp authority. The assessee had purchased two properties, and the stamp duty value was significantly higher than the reported sale consideration. The Assessing Officer added the difference of Rs.68,72,160/- …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.68,72,160/- made by the Assessing Officer under section 50C of the Act was justified.
Precedents Relied Upon
2 precedents cited in this judgement.