ITAT Allows Delayed JDA Tax Appeal Due to Bereavement, Illness & COVID-19 Disruptions

Advertisement Shree Sai Constructions Vs NFAC (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, in the matter of Shree Sai Constructions v. NFAC, Delhi (Income Tax Appeal No. 4616/MUM/2025, dated 30th September 2025), has set aside the orders of the lower authorities and restored the case to the file of the Assessing Officer (AO) for a fresh, de novo adjudication. The core issue revolved around significant additions made to the appellant’s income under the heads of capital gains arising from a Joint Development Agreement (JDA) and an alleged difference in property valua...