2025 (9) TMI 493

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....ndent Represented : Shri Ashwani Kr. Singal, JCIT ORDER PER SANJAY GARG, JUDICIAL MEMBER: The captioned appeal has been preferred by the assessee against the order dated 11.12.2022 of the Ld. Commissioner of Income Tax (Appeal), National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as ld. 'CIT (A)'] u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as the "Act....

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.... capital gain has accrued to the assessee on execution of the said agreement. However, the case of the Assessing Officer (in short "AO") is that the assessee is liable to pay capital gain tax in lieu of execution of development agreement in the FY 2015-16. A perusal of the grounds of appeal of the assessee reveals that the assessee has pleaded that the facts of the case and submissions of the asse....