DCIT, Circle 4 (2), vs. Cyberwalk Tech Park Pvt. Ltd.
Case No: ITA No.448/Del/2025
Court: Income Tax Appellate Tribunal
Bench: Delhi Bench ‘B’
Date: 2/6/2026
Parties Involved
appellantDCIT, Circle 4 (2)
respondentCyberwalk Tech Park Pvt. Ltd.
Facts Summary
The Revenue has filed an appeal against the order of the Learned Commissioner of Income Tax (Appeals), Delhi-31 dated 25.11.2024 for the Assessment Year 2012-13. The assessee was allotted land measuring 38212 sq mtrs. in Manesar by HSIIDC for development of majority IT/ITES space with a small percentage of residential and commercial space. The assessee converted 50% of the land into stock in trade and continued to hold balance 50% into fixed assets. The fair market value on the date of conversio…
Decision in favour of
Assessee
Legal Issues
- 1. Conversion of land from capital asset to stock in trade and computation of capital gains and business profit.