2026 (3) TMI 277

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....iously may kindly pass an order to set aside the order passed by Assessing Officer under Section 147 read with 144B of the Income-tax Act, 1961 (the Act), stay of recovery disputed amount a sum of Rs. 9,51,594.00 and set aside penalty proceeding initiated by the Assessing Officer under Section 270A of the Income-tax Act, 1961 (the Act), 1961 and for this Act of your kindness your petitioner shall ever or may kindly pass order for reassessment by the learned ITO." 2. Facts of the case are that the assessment under Section 147 read with section 144B of the Income Tax Act, 1961 (in short, the Act) was passed on 30/03/2023 on a total income of Rs. 23,56,250/- in which addition of Rs. 21,11,500/- was added under Section 56(2)(x) of the Act on....

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....sband Mr. Rupesh Kumar Singh is working in Govt of Jharkhand under police department since 13th May 2005 having pan is BTAPS8407B. That I had furnished information of your dated 14th day of March-2022 and I am again furnishing the information as you asked to furnish to me in respect of purchase of flat No B/2 in the Anjanji Homes Sai Heritage, at Ghorabandha Telco Jamshedpur East Singhbhum on dated 18.03.2018 as under- "Your information is quite right that I have purchased a flat No. B/2 in the Anjanji Homes Sai Heritage. at Ghorabaridhe Telco Jamshedpur East Singhbhum which registration has done in the office of the Sub-Registrar Jamshedpur on dated 18.03.2018 vide deed no 1026 for actual consideration amount of Rs. 10,45....

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....ven Thousand was financed by SBI on dated 04-12-2010 and almost payment was made to the builder and the builder has already given to us possession of the flat but registration has been done on dated 18.03.2018 in my name only to get the benefits of the stamp duty Of Rs. 1.. (One only) in the case of female owner of the property as under the resolution of Jharkhand Government Circular to Revenue Registration and land reforms department as per their Letter ref No 499 & 500 of dated 19/06/2017. "Since this flat was purchased by my husband Mr. Rupesh Kumar Singh who's source income is from salary from Govt Of Jharkhand and the balance amount of Rs. 847000.00 (Rs. Eight Lakh Forty Seven Thousand was financed by SBI on dated 04-12-20....