2026 (8) TMI 1360

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....PPL. 54952/2026 (delay of 454 days in re-filing) 1. The present application has been filed by the appellant seeking condonation of 454 days delay in re-filing the appeal. 2. For the reasons stated in the application, the same is allowed and the delay of 454 days in re-filing the appeal stands condoned. 3. The application stands disposed of, accordingly. CM APPL. 54953/2026 (Exemption) ....

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....eal filed by the Revenue against the order dated 26.08.2019 passed by the Commissioner of Income Tax (Appeals)-5, New Delhi [hereinafter referred to as 'CIT(A)'], allowing the assessee's appeal was rejected. 10. The facts, shorn of unnecessary details are that the Assessing Officer (AO)while framing the assessment for AY 2016-17, made an addition of Rs. 10 crores under Section 68 of the Act of ....

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....the long term capital gain arising on the land was set off. 13. During the course of assessment proceedings, when the AO questioned the purchaser about the factum of the sale deed and the transaction, then he learnt that the sale deed had been executed in FY 2013-14 and that the purchaser had booked the transaction in his books of accounts in FY 2013-14. The AO therefore took a view that the as....

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....the year under consideration, as said amount was received by the assessee in the FY 2006-07. 15. Mr. Shlok Chandra, learned Senior Standing Counsel for the Department vehemently argued that the assessee had adopted a device or a ploy to structure his transaction in a way to get set-off of the capital gain against a capital loss. He added that the assessee waited for two years and intentionally ....