Mr. Anil Kapoor vs. ITO, Ward 5(1)(1)
Case No: ITA No.8275/Del/2025
Court: Income Tax Appellate Tribunal
Bench: F Bench, Delhi
Date: 2/4/2026
Parties Involved
appellantMr. Anil Kapoor
respondentITO, Ward 5(1)(1)
Facts Summary
The case of Mr. Anil Kapoor was selected for reassessment proceeding u/s 147 of the Income Tax Act, 1961 for AY: 2015-16 due to escapement of income to the tune of Rs.52,49,376/-. The assessee had made transactions including sale of immovable property and interest income during the Financial Year 2014-15. Notices were issued but not complied with, and no supporting documents were submitted.…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of Rs. 51,33,334/- on account of Indexed Cost of acquisition and Indexed Cost of improvement.
- 2. Additions of Rs. 1,45,553/- as Interest Income.