2025 (12) TMI 497

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....ANDA, VP: This appeal filed by the assessee is directed against the order dated 25.07.2025 of the Ld. CIT(A) / NFAC, Delhi relating to assessment year 2013-14. 2. It was seen from the order sheet entries that none appeared on behalf of the assessee on 11.11.2025 for which it was adjourned to 03.12.2025. Today also when the name of the assessee was called, nobody appeared from the side of the....

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....vable properties valued at Rs. 2,94,57,000/- but had failed to disclose the capital gain by filing the return of income u/s 139 of the Act. The Assessing Officer, therefore, after recording reasons, reopened the assessment u/s 147 of the Act with the prior approval of the competent authority. Accordingly, notice u/s 148 dated 25.02.2020 was issued and served on the assessee. However, there was no ....

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....1. On the facts and in the circumstances of the case and in Law the CIT(A) is not justified in treating rural agricultural land which is not a capital asset as per S 2(14) of the Act and exempt from capital gain as non-agricultural land treating the same as taxable capital asset. 2. The appellant craves, to consider each of the above grounds of appeal without prejudice to each other and c....

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....issed. 8. We have heard the rival arguments made by both the sides, perused the orders of the Assessing Officer and the Ld. CIT(A) / NFAC and the paper book filed on behalf of the assessee. It is an admitted fact that due to non-compliance to the statutory notices issued by the Assessing Officer, he treated the sale price of land at Rs. 2,92,57,000/- as long term capital gain to be taxed u/s 11....