Arjun Singh vs Ward 1(1), FBD

Parties Involved

Facts Summary

The case ITA No. 6487/Del/2026 for assessment year 2013-14, involves an appeal by the assessee against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (CIT(A)/NFAC), Delhi’s order dated 01.04.2026, involving proceedings under section 147 of the Income-tax Act, 1961. The assessee Arjun Singh has raised a sole substantive ground that both the lower authorities have erred in law and on facts in making long term capital gains addition amounting to Rs. 9,50,00,000/-. The assessee's appeal against the Principal Commissioner of Income Tax’s revision directions dated 17.03.2021 has already been reversed by this tribunal in his appeal ITA No. 5475/Del/2025 decided on 30.04.2026. The assessee's appeal is allowed and the impugned consequential assessment proceedings are quashed.…

Legal Issues

• 1. Whether the lower authorities erred in making long term capital gains addition amounting to Rs. 9,50,00,000/-

Judgment Outcome

Decided in favour of Assessee.

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