Treatment of sale proceeds u/s 69A of the IT Act

Last updated: 13 September 2021
Quick Summary
This Income Tax Appellate Tribunal ruling concerns an individual who sold a property for Rs. 41,06,000 but did not file a return of income. The Assessing Officer reopened the case and, due to the assessee's non-response to notices, passed an ex-parte order determining the total income at the sale proceeds. The assessee's appeal was allowed for statistical purposes.

Court :
ITAT Delhi

Brief :
This appeal filed by the Assessee is directed against the ex-parte Order Dated 27.11.2019 of the Ld. CIT(A)-12, New Delhi, relating to the A.Y. 2011-2012.

Citation :
ITA.No.326/Del./2020

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