2025 (3) TMI 2127

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....filed by the assessee is emanating from the impugned order dated 17/01/2025, passed by the learned Commissioner of Income Tax (Appeals)-3, Nagpur, ["learned CIT(A)"], for the assessment year 2017-18. 2. Following grounds have been raised by the assessee:- "Whether on the facts and circumstances the learned Assessing Officer was justified in making an addition of Rs 15,05,000/- under se....

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....e A.O. The decision arrived by the learned CIT(A) is as under:- "4. Discussion and decisions:- I have perused the submission of the appellant and the assessment order. Considering the above facts, I am of the view that the AO was justified in adding Rs. 15,05,000/- to the income of the Appellant as the appellant had taken possession of the above mentioned property and the agreeme....

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....2007, however latter the assessee came to know that the said floor (i.e. 5th floor), is illegally constructed by the builder and the gram panchayat has imposed an embargo on the sale of the said apartment. Therefore, considering the matter of litigation, Appellant did not execute the sale deed and waiting to resolve the matter of litigation after that Appellant will execute the sale deed.....

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....d CIT(A). 7. I have heard the rival arguments, perused the material available on record and gone through the orders of the authorities below. In this case, the assessee has purchased immovable property executing registered sale agreement with the Registrar, paid consideration of the property and also took possession which amounts to transfer keeping in view the provisions of section 2(47) of th....