ITA No. 440/Del/2024 : Asstt. Year: 2021-22

Parties Involved

Facts Summary

This Revenue’s appeal for Assessment Year 2021-22 arises against the CIT(A)/NFAC, Delhi’s DIN & order No. ITBA/NFAC/S/250/2023-24/1058430665(1) dated 04.12.2023, in proceedings u/s 143(3) of the Income Tax Act, 1961. The Revenue seeks to revive the Assessing Officer’s action adding the amount in question of Rs.7,66,23,600/- as the assessee’s under-reported rental income in his assessment order dated 29.12.2022 which has been reversed in the CIT(A)’s lower appellate discussion. The tribunal’s earlier order dated 02.12.2025 involving the Revenue’s appeal ITA 338/Del/2024 for preceding assessment year 2018-19 has already upheld the CIT(A)’s identical findings that the Assessing Officer could not have simply adopted the online portal property.sulekha.com’s rental rate.…

Legal Issues

• 1. Revival of Assessing Officer’s action adding under-reported rental income

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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