Sopna Rani Pandhy vs Income Tax Officer, Ward 2(2)(3), Ghaziabad

Parties Involved

Facts Summary

The assessee, Sopna Rani Pandhy, filed an appeal against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre's order dated 21.05.2026, involving proceedings under sections 147, 144, and 144B of the Income-tax Act, 1961. The appeal sought to reverse the addition of Rs. 55,22,000/- under section 56(2)(vii) of the Act, which was upheld in the lower appellate discussion. The assessee had executed an agreement on 06.08.2002 for acquiring a plot in Sahibabad for Rs. 6,76,000/- and paid an advance of Rs. 25,000/- via cheque. The registration sale deed was executed on 17.02.2016 with a circle rate of Rs. 64.97 lakhs. The difference between the earlier sale consideration and the registration value led to the addition in the assessee's hands.…

Legal Issues

• 1. Whether the addition under section 56(2)(vii) of the Income-tax Act, 1961 is justified?

Judgment Outcome

Decided in favour of Assessee.

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