JOJO,THRISSUR vs. ITO WARD-1(1), THRISSUR, THRISSUR
In the result, the appeal filed by the assessee stands dismissed
ITA 769/COCH/2025[2020-21]Status: DisposedITAT Cochin21 Nov 2025AY 2020-21
Bench: Shri Inturi Rama Rao, Am Assessment Year: 2020-21 Jojo .......... Appellant Kattalapeedika House, Mattathur, Thrissur [Pan: Bycpj5296A] Vs. The Income Tax Officer, Ward-1(1), Thrissur .......... Respondent Assessee By: Shri Vibin K.K., Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 26.11.2025 Date Of Pronouncement: 21.11.2025 O R D E R This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)] Dated 29.08.2025 For Assessment Year (Ay) 2020-21. 2. Brief Facts Of The Case Are That Appellant Is An Individual. No Regular Return Of Income Under The Provisions Of Section 139(1) Of The Income Tax Act, 1961 (The Act) For Ay 2020-21 Was Filed By The Appellant. Based On The Information That The Appellant Had Sold Immovable Property For A Consideration Of Rs. 20,00,000/- The Assessment Unit Of Income Tax Department (Hereinafter Called "The Ao") Formed An Opinion That Income Escaped Assessment To Tax. Accordingly, A Notice U/S. 148 Of The Act Was Issued On 28.03.2024
For Appellant: Shri Vibin K.K., CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 139(1)Section 147Section 148Section 148ASection 54
property sold under the Capital Gain Deposit Scheme as prescribed under subsection (2) of section 54 of the Act. The appellant had not filed any proof of completion of construction of new house before the due date prescribed u/s. 139(1
