Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Joint Ownership Below ₹50 Lakh Bars Reopening After Three Years

Case Law Details

Case Name
Manoj Kumar Gupta Vs ACIT (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement 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 ...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,926

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *