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Income Tax Appellate Tribunal, ‘GUWAHATI’ BENCH, GUWAHATI’
O R D E R Per Rajesh Kumar, AM:
This appeal is preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the “Ld. CIT(A)”] dated 22.05.2024 for the A.Y. 2018-19.
At the outset, we note that there is a delay of 60 days in filing the appeal by the assessee which were stated to be on account of non- receipt of the appellate order by the assessee. We find that the time taken in filing the appeal including the period of delay was stated to be on account of time taken in obtaining legal opinion as also the difficult terrain of Guwahati where travelling is hazardous and difficult. Considering the same, we find that the delay is for Bonafide and genuine reasons and therefore, we condone the same.
In the appellate proceedings, the ld. CIT (A) upheld the order of the ld. AO.
After hearing the rival contentions and perusing the materials available on record, we find that in this case the assessee has purchased the property in Kolkata (flat) for ₹69.00 lacs whereas, stamp value as per stamp valuation was ₹1,00,80,000/- and hence,
In the result, the appeal of the assessee is allowed for statistical purposes.
Order pronounced in the open court on 27.08.2025.