NEW DELHI, April 25 -- Delhi High Court issued the following judgment on March 25:
1.The appellant [the Assessee] is an individual and has filed the present appeal under Section 260A of the Income Tax Act, 1961 [the Act], inter alia, impugning an order dated 11.06.2021 [ the impugned order] passed by the Income Tax Appellate Tribunal [ITAT] in ITA No.6346/Del/2014 in respect of Assessment Year [AY] 2010-11.
2. The Assessee had filed the said appeal against an order dated 25.09.2014 passed by the Commissioner of Income Tax (Appeals) XXVI, New Delhi [CIT(A)], upholding the addition on account of disallowance of deduction claimed under Section 54 of the Act, in respect of an investment of rs 3,77,65,215/- in purchasing of a flat in Mumbai; b...