Yunush Mallick Vs ITO, Ward-61(3), Kolkata
Case No: ITA No.1990/KOL/2025
Court: Income Tax Appellate Tribunal, SMC Bench, Kolkata
Date: 11/4/2025
Parties Involved
appellantYunush Mallick
respondentITO, Ward-61(3), Kolkata
Facts Summary
The assessee, Yunush Mallick, filed the original return of income for the assessment year 2017-2018. The Department noticed that the assessee had purchased an immovable property at a price lower than the fair market value. Consequently, the Assessing Officer reopened the assessment under Section 147 and completed it ex parte under Section 144, adding ₹10,75,000 as unexplained investment and ₹26,01,610 as income from other sources. The CIT(A) deleted the addition of ₹10,75,000 but sustained the a…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of ₹10,75,000 as unexplained investment is valid.
- 2. Whether the addition of ₹26,01,610 as income from other sources is valid.