2023 (9) TMI 210

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..... , inasmuch as, the information received by the AO that the co-owners of the property which was sold during the previous year relevant to the assessment year under consideration, in respect of which the capital gains arising on sale of such property were offered to tax constituted an information enabling the Assessing Officer to form an opinion that the income escaped assessment to tax. On merit .....

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..... r the assessment year 2011-12 was filed on 29.07.2011 declaring total income of Rs. 4,89,519/-. Against the said return of income, the assessment was completed by the Income Tax Officer, Ward-1(2), Jalgaon ( the Assessing Officer ) vide order dated 05.09.2013 at a total income of Rs. 5,50,170/- after making a disallowance of Rs. 50,650/- under the head capital gains . Subsequently, on receipt of .....

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..... der, an appeal was filed before the NFAC, who vide impugned order confirmed the action of the Assessing Officer. 4. Being aggrieved, the appellant is in appeal before this Tribunal in the present appeal. 5. I heard the rival submissions and perused the material on record. The issue in the present appeal towards challenging the very validity of the re-assessment proceedings as well as the dis .....

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