Delhi HC Remands Tax Assessment Due to Admitted Computation Mistake by AO

Tarun Chauhan Vs ITO (Delhi High Court) The petitioner challenged the assessment order dated 27.03.2026 and the consequential penalty proceedings. Earlier, the Court had noted the petitioner’s contention that despite producing a duly executed Builder Buyer Agreement with M/s Max-Digi Infotech Pvt. Ltd., which showed that ₹46 lakh was still payable, the Assessing Officer (AO) added that amount to the petitioner’s income without any basis. The Court had granted time to the respondent to obtain instructions and stayed recovery proceedings as well as penalty proceedings under Section 271AAC....