2026 (5) TMI 1008

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....i Saresa Kartik Laxmanbhai, Sr.DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- The captioned appeal has been filed by the assessee against the order passed by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (in short "NFAC"), Delhi order dated 20.11.2025 relevant to Assessment Year 2015-16. 2. The assessee has raised the following grounds of appeal: ....

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.... the correct perspective. Such an act is in gross violation of the principles of natural justice and hence, the impugned order deserves to be quashed. 3. The facts of case are that assessee is an Individual. He has filed his Income Tax Return for A.Y. 2015-16 on 12.05.2016 declaring total income of Rs. 38,61,260/-. Therefore, notice u/s 148 of the I.T. Act, 1961 was issued on 31.03.2021. In res....

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....t, 1961, and accordingly made the addition. However, having regard to the provisions of Section 80CCC(2) and the nature of the receipt, we are of the considered view that the addition made by the Assessing Officer and sustained by the learned CIT(A) is not in accordance with law. The assessee had made contributions to the pension fund in earlier years and the receipt on surrender of the policy can....