MAHESH KUMAR,DELHI vs. ITO,WARD-68(6), DELHI
In the result, Ground no. 3 as raised by the assessee deserves to be allowed and the impugned addition cannot be sustained
ITA 2650/DEL/2024[2012-13]Status: DisposedITAT Delhi06 Aug 2025AY 2012-13
Bench: Justice (Retd.) C.V. Bhadang(), Shri Mahavir Singh & Shri Brajesh Kumar Singh[Assessment Year: 2012-13] Mahesh Kumar, Vs Ito, 6/305/1A, Doonger Ward-68(6), Mohalla, Delhi-110032. Delhi. Pan-Aoopk6335A Appellant Respondent Appellant By Shri Neeraj Mangla, Ca Respondent By Shri Krishna K. Ramawat, Sr. Dr Date Of Hearing 06.08.2025 Date Of Pronouncement 06.08.2025
Section 10(38)Section 143(3)Section 147Section 148Section 68
purchase of property under Section 69 of the Act. The learned CIT(A) has deleted the addition on account of the alleged bogus LTCG which was the original basis of the reopening.
However, the learned CIT(A) has sustained the other two additions. The question is whether the reassessment can be sustained in such circumstances.
10. I have carefully gone
