Admission of additional grounds under the IT Act that there was a failure to raise these grounds due to inadvertence

Last updated: 04 August 2021
Quick Summary
This Income Tax Appellate Tribunal (ITAT) case in Chennai concerns an appeal by an assessee against an order from the Commissioner of Income Tax (Appeals). The assessee is challenging the upholding of an addition of Rs. 4,36,59,000/- as business income on the sale of land. Key arguments include the land being agricultural, not held for business purposes, and errors in the assessment process.

Court :
ITAT Chennai

Brief :
This appeal filed by the assessee is directed against order of learned Commissioner of Income Tax (Appeals)-4, Chennai,dated 27.09.2016 and pertains to assessment year 2008-09.

Citation :
ITA No.: 3414/CHNY/2016

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