ITA NO. 773/DEL/2024
Case No: 773/DEL/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘E’, NEW DELHI
Date: 2/4/2025
Parties Involved
appellantACIT, CIRCLE 61(1), NEW DELHI
respondentMADHU BALA RANA
Facts Summary
The assessee, Madhu Bala Rana, an individual and a lawyer by profession, did not file a return of income for the assessment year in question. The Assessing Officer (AO) received information indicating that the assessee had received 3 Crores from the sale of property, though the sale deed was made for Rs. 2.52 crores. Consequently, the case was reopened, and a notice under section 148 was served on 30.03.2017. The assessee’s representative attended the hearing in response to the notice. A notice …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Ld. CIT (A) has erred in holding that the notice u/s 143(2) of the Act was issued to the assessee.
- 2. Whether the Ld. CIT(A) has erred in holding the assessment proceedings invalid.
Precedents Relied Upon
6 precedents cited in this judgement.