INCOME TAX OFFICER, SANJAY PLACE AGRA vs. GUNJAN GUPTA BATRA, NOIDA

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri S.Rifaur Rahman & Shri Sunil Kumar Singhincome Tax Officer, Vs. Gunjan Gupta Batra, Ward 2 (1), Agra. A - 45, Sector 26, Noida – 201 301 (Uttar Pradesh). (Pan : Abupg5419J) (Appellant) (Respondent) Assessee By : Shri Somil Agarwal, Advocate Ms. Shilpa Gupta, Ca Revenue By : Shri Shailendra Srivastava, Sr. Dr Date Of Hearing : 13.10.2025 Date Of Order : 28.10.2025

section 263 of the Income-tax Act, 1961 (for short ‘the Act’) and observed that the case was selected for limited scrutiny to verify capital introduced by the assessee amounting to Rs.2,35,09,650/-. It was observed that assessee filed return of income for AY 2015-16 at no capital and as per ITR filed