Mrs. Geeta Narendra Gandhi Vs. ITO Ward 19(1)(1), Mumbai

Parties Involved

Facts Summary

The assessee, Mrs. Geeta Narendra Gandhi, filed a return of income for the assessment year 2019-20, declaring long-term capital gains on the sale of an immovable property. The sale consideration reported was as per the registered sale deed, while the value adopted by the Stamp Valuation Authority (SDV) was higher. During processing of the return under section 143(1)(a), the Centralized Processing Centre (CPC) made an adjustment to substitute the declared sale consideration with the SDV in accord…

Legal Issues

• 1. Whether the learned appellate authority erred in confirming the addition under section 143(1) read with section 50C of the Act.
• 2. Whether the learned appellate authority erred in deciding the appeal in violation of the principles of natural justice.

Precedents Relied Upon

Judgment Outcome