Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2024 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (3) TMI 733 - BOMBAY HIGH COURTValidity of Reopening of assessment - acquisition of immovable property jointly - husband’s assessment in hands of wife - addition made as assessee has not submitted the details of source of sum paid for purchase of property by her husband, source and the details of receipt of amount from the relatives, whereas the husband’s income is only Rs. 18,49,980/- - as submitted property was purchased by her husband and all the payments were made by him and Petitioner also explained that Petitioner’s name was included as a joint holder in the agreement for sale, but no payment has been made by Petitioner HELD THAT:- Revenue has strongly opposed the petition, but at the end he agreed that those details have to be sought from the husband for husband’s assessment and not from Petitioner herein because the AO has accepted that Petitioner has not made any payment for purchase of property. We also have to notice that surprisingly the Principal Chief Commissioner of Income Tax has also accorded sanction for issuance of this order instead of directing the AO to drop the proceedings against Petitioner. We hereby quash and set aside the order passed u/s 148A(d) of the Act, because in our opinion, it is not a fit case for reopening the assessment in the case of Petitioner.
|