RAJ KUMAR GOLECHA,PALI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JODHPUR, AAYKAR BHAWAN, JODHPUR
Appeal of the assessee is allowed
ITA 515/JODH/2023[2014-15]Status: DisposedITAT Jodhpur10 Mar 2025AY 2014-15
Section 10(38)Section 132Section 132(4)Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 250
Section 153A of the I.T
Act, 1961, six years cases of assessee were reopened, however, no incriminating
documents whatsoever, were recovered from the assessee for the year under
consideration. Therefore, being an unabated assessment, the original assessment
cannot be disturbed. The AO made the addition treating the long term capital gain
as undisclosed income merely on the basis of information
