SYED FARAZ SHERE,GAUTAM BUDH NAGAR vs. CIT (APPEALS), NOIDA UTTAR PRADESH
Income Tax Appellate Tribunal, DELHI BENCH “G”: NEW DELHI
Before: SHRI S. RIFAUR RAHMAN & Ms. MADHUMITA ROYAssessment Year: 2011-12
PER Ms. MADHUMITA ROY, JM:
The instant appeal, filed by the assessee, is directed against the order dated
02.05.2025 (DIN & Order No. ITBA/NFAC/S/250/2025-26/1075997820(1) passed by the National Faceless Appeal Centre (NFAC), Delhi, arising out of the order dated 26.11.2018 passed by the ITO, Ward-3(5),Noida, under Section 147 r.w.s.
2
144 of the Income Tax Act, 1961 (hereinafter referred to as “the Act”), for Assessment Year 2011-12. 2. Grounds of appeal raised by the assessee read as under:
“During FY 2010-2011, a portion of our ancestral property, about 0.2810
Hectare of Agriculture Land, situated at Mohammadpur, on Faizabad Road,
Uttar Pradesh, owned by my mother Mrs. Jahanara Shere, which had a market value of Rs. 86,07,707/-, was gifted to my brothers and a sister (real sons and a daughter of my mother) through registered Gift Deed, on 11/05/2010. Due to old age and poor health condition of my mother, she gave me the Power of Attorney, to sign & execute the relevant property gift deeds, on her behalf, in the office of