RESHMI JAIN,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, GUWAHATI
In the result, the all the appeals of the assessees are allowed
ITA 307/GTY/2019[2016-17]Status: DisposedITAT Guwahati18 Dec 2025AY 2016-17
Bench: Shri Rajesh Kumar, Am & Shri Manomohan Das, Jm
For Appellant: Shri Somnath Ghosh, ARFor Respondent: Shri Santosh Kumar Karnani
Section 132Section 143(2)Section 153ASection 153D
84,340/-. Thereafter, notice u/s 143(2) and 142(1) of the Act along with questionnaire were issued which were duly complied with by the assessee. Finally, the assessment was framed u/s 153A/153D/143(3) of the Act vide
ITA No. 306 to 310/GTY/2019
order dated 31.12.2018, making an addition of ₹37 lacs on account of bogus long term capital gain
