SHREEJI INFRA PROJECTS VS. INCOME TAX OFFICER/ASSESSMENT UNIT, NEW DELHI
Case No: ITA NO. 4323/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH
Date: 3/10/2025
Parties Involved
appellantSHREEJI INFRA PROJECTS
respondentINCOME TAX OFFICER/ASSESSMENT UNIT, NEW DELHI
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 …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the appeal should be dismissed for non-prosecution?