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Case Law Details

Case Name : Property Plus Realtors Vs Union of India & Ors. (Delhi High Court)
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Property Plus Realtors Vs Union of India & Ors. (Delhi High Court)

Delhi High Court dismissed a petition filed by Property Plus Realtors, a real estate brokerage firm, challenging a penalty order issued under Section 271DA of the Income Tax Act, 1961. The firm had faced scrutiny following a search conducted by the Income Tax Department on the Gaursons Group, with whom they had business dealings. Subsequent assessment proceedings for AY 2022-23 resulted in a significantly higher net profit than the income originally returned by Property Plus Realtors.

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