Hale Realtors Private Limited Vs I.T.O. National E-Assessment Centre

Parties Involved

Facts Summary

The appeal by the assessee is directed against the order of National Faceless Appeal Centre/Ld. Commissioner of Income Tax(Appeals), New Delhi dated 29.03.2025 arising out of assessment order dated 19.04.2021 passed under section 143(3) of the Income Tax Act, 1961, for the Assessment Year 2018-19. The assessee raised several grounds of appeal regarding the disallowance of capital expenditure and the determination of Fair Market Value.…

Legal Issues

• 1. Disallowance of capital expenditure under Section 40A(2)(b) of IT Act

Judgment Outcome

Decided in favour of Assessee.

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