ROHIT BHADANA,FARIDABAD vs. INCOME TAX OFFICER, NATIONAL FACELESS ASSESSMENT CENTRE
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2010-11, arises against the CIT(A)/NFAC, Delhi’s DIN & order No.
ITBA/NFAC/S/250/2024-25/1067611537(1) dated 13.08.2024, in proceedings u/s 147 of the Income Tax Act, 1961 (in short
“the Act”).
Heard both the parties at length. Case file perused.
It transpires during the course of hearing that there arises the first and foremost legal issue of validity of the impugned reopening itself as the learned assessing authority had set into motion section 148/147 proceedings against the assessee regarding the sole reason of cash deposits of Rs.12,95,500/- whereas his first round assessment framed on 22.12.2017 ended up adding capital gains of Rs.19,50,000/- in question. It Rohit Bhadana
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5. This assessee’s appeal is allowed.
Order Pronounced in the Open Court on 24/06/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 24/06/2025
*Subodh Kumar, Sr. PS*