SANJAY RATRA,MUMBAI vs. DCIT CIRCLE 3(3)(1), MUMBAI, MUMBAI

ITA 7108/MUM/2025Status: DisposedITAT Mumbai08 July 2026AY 2016-1711 pages

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Income Tax Appellate Tribunal, “G” BENCH, MUMBAI

Before: SMT BEENA PILLAI & SHRI JAGADISH

For Appellant: Shri Himanshu Gandhi
For Respondent: Shri Aadesh Rai- SR. AR
Hearing: 15.04.2026Pronounced: 08.07.2026

Per: SHRI JAGADISH, A.M.:

1.

This appeal by the assessee is directed against the order dated 24.10.2025 passed by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [hereinafter referred to as "the Ld. CIT(A)"] for the assessment year 2016-17. Sanjay Ratra

2.

The assessee has raised various grounds challenging the validity of the reassessment proceedings as well as the action of the Ld. CIT(A) in sustaining the addition to the extent of ₹65,00,000/- by directing the Assessing Officer to assess the same under the head "Capital Gains". Since all the grounds arise from the same set of facts, they are taken up together.

3.

Briefly s

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