With Wrong facts order set aside by Delhi HC

The Delhi High Court, by its order dated 3 August 2026, disposed of an income-tax appeal after the Assessing Officer admitted that long-term capital gains had been taxed at 20% and not 22% as earlier represented before the appellate authorities. Holding that the CIT(A) and the ITAT had proceeded on incorrect facts supplied by the Department, the Court set aside their declaration of law while leaving the substantive legal issue open for future adjudication.