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Case Law Details

Case Name : Faiz Zakir Vali Vs ACIT (ITAT Nagpur)
Related Assessment Year :
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Faiz Zakir Vali Vs ACIT (ITAT Nagpur)

In the case of Faiz Zakir Vali vs. ACIT (ITAT Nagpur), the assessee challenged the order passed by the CIT(A) for the assessment year 2010-11, which included additions made by the Assessing Officer (AO). The primary issues revolved around the AO’s additions related to reclassification of agricultural land as non-agricultural, resulting in short-term capital gains, and a deemed dividend under Section 2(22)(e) of the Income Tax Act. The assessee argued that since no incriminating materials were found during the search, and the assessment ye

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