KALIPADA NASKAR,KOLKATA vs. I.T.O., WARD - 61(1), KOLKATA, KOLKATA

The present appeal is directed at the instance of assessee against the order of Id. Commissioner of Income Tax (Appeals),
National Faceless Appeal Centre (NFAC), Delhi, dated 17.05.2024
passed for Assessment Year 2017-2018. 2. Facts in brief are that the assessee is a resident individual and has no taxable income during the financial year. Total income of the assessee was below the minimum exemption limit. The Kalipada Naskar assessee has not filed his return of income for the assessment year
2017-18. The assessee entered into a development agreement to develop his inherited land along with another six co-owners on 14.03.2017. Such development agreement was registered before the Addl. District Sub-