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

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCHES “SMC” : DELHI
[THROUGH VIDEO CONFERENCING]
BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER
ITA.No.326/Del./2020
Assessment Year 2011-2012

Ms. Vanita Chopra,
H.No.104-C, Block,
Ashok Vihar, Phase-I,
New Delhi – 110 052.
PAN AIYPC8499B

VS

The Income Tax Officer,
Ward-34(3),
New Delhi.

For Assessee : Shri Ved Jain, Advocate
For Revenue : Shri R.K. Gupta, Sr. D.R.
Date of Hearing : 02.09.2021
Date of Pronouncement : 02.09.2021
ORDER

Facts of the case, in brief, are that the assessee is an individual. The case of the assessee was reopened on the basis of the AIR information received that she has sold a property for Rs.41,06,000/- registered with Sub-Registrar- VI-A, Pitampura, Delhi during the F.Y. 2010-2011 relevant to the A.Y. 2011-2012 and has not filed her return of income for the impugned assessment year. Although notice under section 148 of the I.T. Act, 1961 was issued to the assessee on 26.03.2018.

2. Since the assessee did not respond to the statutory notices issued by the A.O, the A.O. in the ex-parte Order passed under sections 147/144 of the I.T. Act, 1961 determined the total income of the assessee at Rs.41,06,000/-.

3. The assessee is also hereby directed to appear before the A.O. without seeking any adjournment under any pretext, failing which, the A.O. is at liberty to pass appropriate Order as per Law. I hold and direct accordingly. Grounds raised by the assessee are accordingly allowed for statistical purposes.

4. In the result, appeal filed by the assessee is allowed for statistical purposes.

Please find attached the enclosed file for the full judgement