ITAT Orders Fresh Review After ULIP maturity receipt Exemption Claim Not Examined

Anupama Agarwal Vs DCIT (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT) Delhi arose from an order passed by the National Faceless Appeal Centre (NFAC), Delhi, dated 23 July 2025, concerning the assessment year 2018–19. The assessee, an individual, had filed her return electronically declaring a total income of ₹15,57,940. The case was selected for scrutiny under CASS on two grounds: investment in immovable property and capital gains deduction claimed. During the assessment proceedings, the Assessing Officer (AO) noted that the assessee had disclosed net long-term ca...