Advertisement
Advertisement
Skip to content
Follow Us on
Books Submit Post Subscription
Advertisement
TOP STORIES
Income Tax Chennai ITAT Deletes Interest Disallowance; No Notional Interest Can Be Imputed on Business Advances When Assessee Has Sufficient Own Funds Income Tax Chennai ITAT Quashes Section 263 Revision of Penalty Order; PCIT Cannot Revise Order That Has Merged with CIT(A)’s Appellate Decision Income Tax Chennai ITAT Deletes Demonetisation Addition; Cash Deposits Matching Audited Sales and VAT Returns Cannot Be Treated as Unexplained Income Tax Chennai ITAT Quashes Reassessment Where No Addition Was Made on the Recorded Reason for Reopening Income Tax Chennai ITAT Upholds Deletion of Ad Hoc Disallowances; GSTR-2A Is Strong Corroborative Evidence and Purchases Cannot Be Rejected Without Verification Income Tax Chennai ITAT Deletes ₹76.45 Lakh Addition; Once Source of Cash Is Proved, Revenue Cannot Rely on Suspicion About Its Temporary Utilisation Income Tax Chennai ITAT Quashes Reassessment Based Solely on AIR Information; Cash Deposits Must Be Examined with Reference to Business Turnover, Not Returned Income Income Tax Lucknow ITAT Deletes ₹1.31 Crore Addition on Cash Deposits by Bank Mitra; Holds Customer Deposits Cannot Be Taxed as Agent’s Income
Income Tax

Purchase & Reconstruction of Old House Qualifies for Section 54F Exemption: ITAT Delhi

By CA Vijayakumar Shetty Income Tax Judiciary , Trending September 23, 2025
Share:

Case Law Details

Case Name
Sneh Gupta Vs ACIT (ITAT Delhi)
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
Upgrade to Basic or Premium to download.

Already Upgraded? Log in.

Advertisement
Sneh Gupta Vs ACIT (ITAT Delhi) ITAT Delhi Quashes Rs.21.66 Cr Addition – AO Cannot Travel Beyond Limited Scrutiny- Purchase & Reconstruction of Old House Qualifies for 54F – Tribunal Grants Full Relief Assessee had filed her return declaring income of Rs.77.98 lakh. The case was selected for limited scrutiny under CASS for verifying large investment in property vis-à-vis income declared. AO, while verifying, went beyond the scope of limited scrutiny without converting it into complete scrutiny. He examined exemption claimed u/s 54F in A.Y. 2013-14 on sale of shares of M/s Triveni Pol...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement
Filed under

Author Info

CA Vijayakumar Shetty
Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,518
View full profile →
More from CA Vijayakumar Shetty

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Related Articles in Income Tax
Chennai ITAT Upholds Deletion of Ad Hoc Disallowances; GSTR-2A Is Strong Corroborative Evidence and Purchases Cannot Be Rejected Without Verification

Chennai ITAT Upholds Deletion of Ad Hoc Disallowances; GSTR-2A Is Strong Corroborative Evidence and Purchases Cannot Be Rejected Without Verification

July 27, 2026
Chennai ITAT Deletes ₹76.45 Lakh Addition; Once Source of Cash Is Proved, Revenue Cannot Rely on Suspicion About Its Temporary Utilisation

Chennai ITAT Deletes ₹76.45 Lakh Addition; Once Source of Cash Is Proved, Revenue Cannot Rely on Suspicion About Its Temporary Utilisation

July 27, 2026
Chennai ITAT Quashes Reassessment Based Solely on AIR Information; Cash Deposits Must Be Examined with Reference to Business Turnover, Not Returned Income

Chennai ITAT Quashes Reassessment Based Solely on AIR Information; Cash Deposits Must Be Examined with Reference to Business Turnover, Not Returned Income

July 27, 2026
Lucknow ITAT Deletes ₹1.31 Crore Addition on Cash Deposits by Bank Mitra; Holds Customer Deposits Cannot Be Taxed as Agent’s Income

Lucknow ITAT Deletes ₹1.31 Crore Addition on Cash Deposits by Bank Mitra; Holds Customer Deposits Cannot Be Taxed as Agent’s Income

July 27, 2026
Section 263 Limitation Runs from Original Assessment, Not Reassessment: ITAT Delhi

Section 263 Limitation Runs from Original Assessment, Not Reassessment: ITAT Delhi

July 26, 2026
ITAT Pune Allows Section 80P(2)(d) Deduction on Cooperative Bank Interest

ITAT Pune Allows Section 80P(2)(d) Deduction on Cooperative Bank Interest

July 26, 2026
Leave a Reply

Your email address will not be published. Required fields are marked *