Gunmala Devi Jain vs. DCIT, Circle-29, Kolkata
Case No: ITA No.14/Kol/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Kolkata
Date: 1/19/2026
Parties Involved
appellantGunmala Devi Jain
respondentDCIT, Circle-29, Kolkata
Facts Summary
The assessee, Gunmala Devi Jain, filed her return of income for the assessment year 2015-16 declaring a total income of Rs. 23,35,690/-. The case was selected for limited scrutiny under CASS, and the assessment was completed under section 143(3) of the Income-tax Act, 1961, at an income of Rs. 57,00,270/- after making an addition of Rs. 31,78,552/- under section 57(iii) of the Act. Aggrieved by this order, the assessee filed an appeal before the CIT(A), which was dismissed. The assessee then app…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the deduction of Rs. 31,79,732/- claimed by the assessee under section 54 of the Act was correctly disallowed by the Assessing Officer and CIT(A).
Precedents Relied Upon
2 precedents cited in this judgement.