Kalpana Nitin Shah Vs. ITO 19(2)(2)
Case No: ITA No. 7012/Mum/2025
Court: Income Tax Appellate Tribunal, 'SMC' Bench, Mumbai
Date: 1/9/2026
Parties Involved
appellantKalpana Nitin Shah
respondentITO 19(2)(2)
Facts Summary
The assessee, Kalpana Nitin Shah, did not file her return of income for the relevant year. Information in the NMS Module indicated that she sold an immovable property for Rs. 55,00,000/- during AY 2011-12. Since no ITR was filed within the mandated time limit, the case was re-opened under section 148 of the Income Tax Act to examine the capital gain income from the property sale. The assessee responded to the section 148 notice declaring a total income of Rs. 18,70,760/-, including Short Term Ca…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of reassessment proceedings initiated without prior approval from the Principal Chief Commissioner of Income Tax/Chief Commissioner of Income Tax.
- 2. Addition of interest income of Rs 13,52,618 by the AO.
Precedents Relied Upon
2 precedents cited in this judgement.