Kavita Raneja vs. ITO, Ward 3, (1)Jodhpur

Parties Involved

Facts Summary

The case involves an appeal by Kavita Raneja against the reassessment order passed by the Income Tax Officer, Ward-3(1), Jodhpur for the Assessment Year 2015-16. The assessee filed a return of income under section 139(4) of the Income Tax Act, 1961 on 31.03.2017, declaring a total income of Rs.2,93,650/-. The Income Tax Officer, Ward-3(4), Jodhpur issued a notice under section 148 of the Act on 24.03.2017, and the case was subsequently transferred to ITO, Ward-3(1), Jodhpur. An assessment order under section 147 read with section 143(3) of the Act was passed on 27.12.2017, determining the total income at Rs.48,55,586/-. The assessee challenged the reassessment order before the National Faceless Appeal Centre, Delhi, which dismissed the appeal. The assessee then filed an appeal before the Income Tax Appellate Tribunal, Jodhpur, raising several grounds of appeal.…

Legal Issues

• 1. Validity of the notice issued by a non-jurisdictional officer
• 2. Validity of the approval obtained for issuing the notice
• 3. Validity of the addition made for long-term capital gain
• 4. Validity of the addition made under section 69C

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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