Nitin Ramchandra Kalambe Vs. ITO, Ward-2(2)
Case No: I.T.A. No. 7424/Mum/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Mumbai
Date: 1/23/2026
Parties Involved
appellantNitin Ramchandra Kalambe
respondentITO, Ward-2(2)
Facts Summary
The assessee, Nitin Ramchandra Kalambe, filed his return of income showing total income at Rs. 8,85,460/-. His case was selected for scrutiny under section 147 of the Income Tax Act, 1961, following a search and seizure operation involving a group of businessmen including Promoter Shri Girish Pawar and related entities. During the search, various incriminating materials were seized, revealing unaccounted transactions. The assessee had paid Rs. 1,03,70,000/- to G.N.P. Group for purchases of immov…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the penalty imposed under section 272A(1)(d) for non-compliance with the notice under section 142(1) is justified.