Joint Ownership Below ₹50 Lakh Bars Reopening After Three Years

Manoj Kumar Gupta Vs ACIT (ITAT Delhi) Co-owner’s Share Matters- Joint Ownership Below ₹50 Lakh Bars Reopening Beyond 3 Years: Delhi ITAT Quashes 147 Notice NRI’s Flat Bought via NRE Funds & Housing Loan—No Escapement, No 69 Addition Delhi ITAT ‘D’ Bench in Manoj Kumar Gupta vs ACIT, Circle–International Taxation-1(3)(1), Delhi (ITA No.2759/Del/2025, AY 2016-17, order dated 24-12-2025) quashed the reassessment u/s 147 and deleted addition u/s 69, holding that where the assessee’s share in a jointly owned property is below ₹50 lakh, reopening beyond three years is without ...