AdvertisementSathi Guha Vs ITO (ITAT Kolkata) The assessee appealed against the order of the Commissioner of Income Tax (Appeals), NFAC, dated 17.01.2025, challenging the addition of ₹7,08,198 as Long Term Capital Gain (LTCG) arising from a Joint Development Agreement (JDA) relating to co-owned land and the addition of ₹1,23,750 under the head “Income from Other Sources.” The assessment was reopened under Sections 147/148 on the basis of information received from the Directorate of I & CI, Kolkata that the assessee and other co-owners had entered into a registered Joint Development Agre...