2025 (3) TMI 2063

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....ngh, Adv. For the Revenue : Sh. Tanay Sharma, Sr. DR ORDER PER SATBEER SINGH GODARA, JUDICIAL MEMBER: This assessee's appeal for Assessment Year 2018-19, arises against the CIT(A)-42, Delhi's DIN & order No. ITBA/APL/S/250/2022-23/1050682722(1) dated 13.03.2023, in proceedings u/s 154 of the Income Tax Act, 1961 (in short "the Act"). 2. Heard both the parties at length. Case file pe....

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.... and circumstances of the case and in law directions be issued excluding income from Capital Gains of Rs 8,19,99,647/- from the scope of Total Income chargeable to tax in hands of the appellant for AY 2018-19." 4. It emerges during the course of hearing that the assessee has filed her section 154 rectification before the learned lower authorities seeking credit of the advance tax amounting to R....

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....that although the foregoing transaction was supposed to have been finalized in F.Y. 201516, there arose civil dispute(s) between the parties which ultimately got settled in F.Y. 2017-18. We are further invited to the corresponding settlement agreement dated 03.03.2018 forming part of the case record (page 39) as well. 6. The Revenue's comes on the other hand is that the assessee has rightly bee....