HARISH KUMAR,DELHI vs. NFAC, DELHI
In the result, the Assessee’s appeal is partly allowed
ITA 4602/DEL/2024[2015-16]Status: DisposedITAT Delhi18 Jun 2025AY 2015-16
Bench: Shri Mahavir Singh, Hon’Ble & Shri Manish Agarwal, Hon’Bleasstt. Year : 2015-16 Harish Kumar Vs. Nfac, Delhi 5/21, Shanti Niketan, Chankaya Puri, South West Delhi, New Delhi – 21 (Pan: Aaipk9783G) (Appellant) (Respondent) & Asstt. Year : 2015-16 Acit, Vs. Harish Kumar, Room No. 1505, 15Th Floor, E-2 1/7, West Patel Nagar Tower, Dr. Sp Mukherjee New Delhi – 8 Civic Centre, New Delhi – 2 (Pan: Aaipk9783G) (Appellant) (Respondent) Appellant By : Shri Sanjay Agarwal, Ca & Sh. Sumaksh Mahajan, Ca Respondent By : Shri Surender Pal, Cit(Dr) Date Of Hearing 20.03.2025 Date Of Pronouncement 18.06.2025 Order Per Mahavir Singh, Vp : These Are Cross Appeals Filed By The Assessee As Well As Revenue Against The Order Dated 06.8.2024 Passed By The Ld. Cit(A)/Nfac, Delhi
For Appellant: Shri Sanjay Agarwal, CA &For Respondent: Shri Surender Pal, CIT(DR)
Section 144BSection 147Section 148Section 149Section 149(1)(b)Section 3Section 94(7)
disallowing the short term capital loss u/s. 94(7) of the Act and adding the said amount. In appeal, Ld. CIT(A) partly allowed the appeal of the assessee. Aggrieved, assessee and revenue both are in cross appeals before us.
3. At the time of hearing, ld. Counsel for the assessee submitted that Ld.
Commissioner of Income Tax (Appeals), National
