Shri. Sargod Venkatappa Gowda Subramanya vs. ITO
Case No: ITA No.2297/Bang/2024
Court: Income Tax Appellate Tribunal, 'B' Bench, Bangalore
Date: 1/16/2025
Parties Involved
appellantShri. Sargod Venkatappa Gowda Subramanya
respondentITO, Ward – 1, Chikmagalur
Facts Summary
The Income Tax Department observed that the assessee, Shri. Sargod Venkatappa Gowda Subramanya, had not filed a return of income under section 139(1) of the Act despite depositing cash in various bank accounts and undertaking purchase and sale of equity shares. A notice under section 148 of the Act was issued on 28.03.2023, which was served via email. Since there was no response, the Assessing Officer (AO) called for information from banks and observed various transactions. The AO added the enti…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delay in filing the appeal should be condoned?
- 2. Whether the appeal filed before the First Appellate Authority was rightly dismissed as defective?
Precedents Relied Upon
1 precedent cited in this judgement.