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INCOME TAX APPELLATE TRIBUNAL (PUNE BENCH)
CHANDRASHEKHAR VISHNU PARANJPE (HUF) PUNE – Appellant
Versus
ITO WARD 3(1) PUNE – Respondent
IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT AND Ms. ASTHA CHANDRA, JUDICIAL MEMBER Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessment year : 2015-16 Assessee by : Shri Suhas P Bora and Sampada Ingale, CA Department by : Shri Madhan Thirmanpalli, Addl.CIT (through virtual)
Date of hearing : 12-01-2026 Date of pronouncement : 14-01-2026
O R D E R
PER R.K. PANDA, V.P:
This appeal filed by the assessee is directed against the order dated
25.04.2025 of the Ld. CIT(A) / NFAC, Delhi relating to assessment year 2015-16.
2. Facts of the case, in brief, are that the assessee is an HUF and filed his return of income on 31.08.2015 declaring total income of Rs.26,05,110/-. The return was processed u/s 143(1) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) and thereafter the case was selected for limited scrutiny under CASS. Accordingly statutory notice u/s 143(2) of the Act was issued. Subsequently notice u/s 142(1) of the Act along with a questionnaire was issued in response to which th
The Income Tax Act mandates that without substantive evidence of undisclosed investments, minor discrepancies in property values should not prompt tax assessments under Section 69.
Delay in appeal processing not condoned despite valid explanations; valuation adjustments must follow statutory procedures and expert referrals.
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