VAIBHAV VISHWANATH SURVE,RATNAGIRI vs. INCOME TAX OFFICER, RATNAGIRI

IN THE INCOME TAX APPELLATE TRIBUNAL
PUNE BENCHES “B”, PUNE

BEFORE DR.MANISH BORAD, ACCOUNTANT MEMBER
AND SHRI VINAY BHAMORE, JUDICIAL MEMBER

आयकर अपील सं. / ITA No.2423/PUN/2024
Assessment Year : 2010-11

Vaibhav Vishwanath Surve,
3666, Mandavi,
Ratnagiri – 415 612
Maharashtra
PAN : ACQPS1659D
Vs.
ITO, Ward-1,
Ratnagiri
Appellant
Respondent

आदेश / ORDER

PER DR. MANISH BORAD, ACCOUNTANT MEMBER :

This appeal filed by the assessee pertaining to the Assessment Year 2010-11 is directed against the order dated
21.09.2024 passed by the National Faceless Appeal Centre,
Delhi [in short ‘NFAC’) which inturn is arising out of the Assessment order dated 16.11.2017 passed u/s.144 r.w.s.147
of the Act.

Assessee by :
Shri Pramod Shingte
Revenue by :
Shri Arvind Desai
Date of hearing
:
08.01.2025
Date of pronouncement
:
21 .01.2025
Vaibhav Vishwanath Surve

2
2. Briefly, the facts of the case are that the assessee is an individual who has not filed the return of inform for the A.Y.
2010-11. Based on the information available with the Department that the assessee along with 3 others has sold an immovable property to M/s. Shri Abhay Mahendra Jain for sale consideration of Rs.1,33,33,333/- out of which share of the assessee comes to Rs.33,33,333/- as the assessee has not filed the return by disclosing the capital gain on the said transaction, ld. AO had reason to believe that the income chargeable to tax has escaped assessment. There was no compliance to the various notices issued by the AO. Ld. AO vide notice u/s.133(6) of the Act gathered the information from Sub-