CHEMANGATTU JOSE JOHN,KOTTAYAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE INTERNATIONAL TAXATION, TVM

In the result, the appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarmaassessment Years: 2015-16 Chemangattu Jose John Dcit, Circle International V. Taxation, Tvm Chemangattu House, Koodalloor Post, Meenachil Taluk, Kottayam, Kerala 686595. Pan : Atxpj2649R. (Appellant) (Respondent) Appellant By : Shri R Krishnan, Ca Respondent By : Shri Suresh Sivanandan, Irs, Cit-Dr. Date Of Hearing : 03.06.2025 Date Of Pronouncement : 12.06.2025 O R D E R Per Sonjoy Sarma: This Appeal Is Filed By The Assessee Against The Order Dated 22.11.2024 Passed By The Dcit Circle Intl. Txn, Tvm (Hereinafter Referred To As ‘Cit(A)’] U/S 147 R.W.S 144C(13) Of The Income Tax Act (‘Act’) For The Assessment Year 2015–16. 2. Brief Facts Of The Case Are That During The Relevant Assessment Year, The Assessee Had Sold Two Agricultural Properties Totaling To Rs.15,59,000/-. The Actual Sale Consideration Was Rs.34,00,000/- & However, As Per Registered Deed, The Sale Consideration Was Rs.15,59,000 & Balance Rs.18,41,000/- Remains Unexplained. The Assessing Officer Made An Addition Of 2 Chemangattu Jose John Rs.18,41,000/- U/S 69A Of The Act As The Assessee Failed To Give Satisfactory Reply Before Him.

House, Koodalloor Post, Meenachil Taluk, Kottayam, Kerala 686595. PAN : ATXPJ2649R. (Appellant) (Respondent) Appellant by : Shri R Krishnan, CA Respondent by : Shri Suresh Sivanandan, IRS, CIT-DR. Date of Hearing : 03.06.2025 Date of Pronouncement : 12.06.2025 O R D E R Per Sonjoy Sarma: This appeal is filed by the assessee against the order dated 22.11.2024 passed by the DCIT Circle Intl