Mamta Gourav Jain vs Income Tax Officer
Case No: ITA Nos. 7344 & 7345/Mum/2025
Court: Income Tax Appellate Tribunal, Mumbai “D” Bench
Date: 1/27/2026
Parties Involved
appellantMamta Gourav Jain
respondentIncome Tax Officer, Ward-20(2)(1)
Facts Summary
During the assessment proceedings for Assessment Year 2020-21, the Assessing Officer (AO) observed that the assessee, Mamta Gourav Jain, entered into an agreement with Shagun Construction and executed an Agreement of Permanent Alternate Accommodation on 04-06-2019. Under this agreement, the assessee was allotted a residential flat in a new building in exchange for surrendering her tenancy rights in the old premises. The AO held that the assessee received an immovable property without considerati…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition made by the AO under section 147 read with section 144B of the Income Tax Act, 1961 is erroneous.
- 2. Whether the penalty levied under section 270A of the Act should be set aside.