SHREEJI INFRA PROJECTS VS. INCOME TAX OFFICER/ASSESSMENT UNIT, NEW DELHI

Parties Involved

Facts Summary

The assessee, SHREEJI INFRA PROJECTS, sold immovable property worth Rs. 87,75,000/- but did not file an income tax return under section 139(1) of the Act nor offered the financial transactions for taxation. Consequently, an action under section 147 of the Act was initiated by issuing a notice under section 148 of the Act on 27.3.2023. The assessee was given multiple opportunities to present its case before the Assessing Officer (AO) but failed to provide satisfactory details. The assessment was completed with a total income of Rs. 7,02,000/-. In appeal, the Commissioner of Income Tax (Appeals) (CIT(A)) dismissed the appeal for non-prosecution without deciding on the merits. The assessee then appealed to the Income Tax Appellate Tribunal (ITAT).…

Legal Issues

• 1. Whether the appeal should be dismissed for non-prosecution?

Judgment Outcome

Decided in favour of Assessee.

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