Ritu Patwari vs. DCIT, CC-4(4), Kolkata
Case No: ITA No.288/Kol/2025
Court: Income Tax Appellate Tribunal, 'D' Bench, Kolkata
Date: 10/28/2025
Parties Involved
appellantRitu Patwari
respondentDCIT, CC-4(4), Kolkata
Facts Summary
During the assessment year 2015-16, the assessee, Ritu Patwari, was involved in share trading and filed her return of income on 07.09.2015 declaring a total income of Rs.6,47,970/-. The case was selected for scrutiny due to suspicious sale transactions in shares. A notice under section 143(2) was issued on 19/09/2016. The assessee acquired and sold various shares, claiming Long Term Capital Gain (LTCG) and exemption under section 10(38). The Assessing Officer added Rs.6,86,38,605/- under section…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessing Officer had jurisdiction to issue the notice u/s 143(2) and pass the assessment order.
Precedents Relied Upon
6 precedents cited in this judgement.