2026 (10) TMI 524

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....ndu Thakur, Sr. DR ORDER PER SATBEER SINGH GODARA, JM: This assessee's appeal ITA No. 6453/Del/2026 for assessment year 2016-17, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the "CIT(A)/NFAC"], Delhi's DIN & Order No. ITBA/NFAC/S/250/2026-27/1089133936(1) dated 21.05.2026, involving proceedings u/s 147 r.w.s. 144 r.w.s. 144B of the Inc....

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....ith M/s UCO Bank. We do not find much a dispute between the parties that the said cheque duly found mentioned as part of the agreement itself at pages 19 onwards; registered with the sub-registrar concerned. 4. Be that as it may, coming to the relevant previous year, the assessee could finally get executed the registration sale deed on 17.02.2016 having circle rate of Rs. 64.97 lakhs. It is thi....

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....ent thereof; be it in full or in part, ought to have been made by a mode other than the cash, on or before the date of agreement; as the case may be. We wish to re-emphasize here that the assessee had paid a portion of the purchase consideration amounting to Rs. 25,000/- vide cheque no. 154755(supra) which has gone unrebutted from the Revenue side. We thus conclude in this factual backdrop that bo....