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ITAT Delhi Quashes Assessment Due to Invalid Manual Scrutiny Selection
Case Law Details
- Case Name
- Ajay Kumar Vs DCIT/ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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Ajay Kumar Vs DCIT/ACIT (ITAT Delhi)
In Ajay Kumar Vs DCIT/ACIT, the Income Tax Appellate Tribunal, Delhi, adjudicated an appeal challenging an assessment framed under sections 143(3) read with 263 of the Income-tax Act. The assessee had originally filed a return declaring income of ₹16.76 crore, including long-term capital gains (LTCG) of ₹8.74 crore from sale of shares. The case was selected for manual scrutiny through a notice under section 143(2) dated 25.09.2017, citing Para 1(i) of CBDT Instruction No. 5/2017. During assessment, the assessee furnished details supporting the LTCG clai...
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