SOHIL CHAND,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 52(1), NEW DELHI, NEW DELHI
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Income Tax Appellate Tribunal, DELHI BENCH: ‘E’ NEW DELHI
Before: SHRI MAHAVIR SINGH & SHRI MANISH AGARWAL
PER MANISH AGARWAL, AM: This appeal is filed by the assessee against the order of Learned Commissioner of Income Tax (Appeal), [“CIT(A)”, in short] National Faceless Appeal Centre (NFAC), Delhi passed u/s 250 of the Income Tax Act, 1961 (“the Act”) for Assessment Year 2016-17. 2. Brief facts of the case are that assessee is an individual derived income from salary, income from house property, income from capital gains and other sources The return of income was filed on 28.07.2016 declaring income of Rs. 6,32,87,160/-. The case of the assessee was reopened u/s 147 of the Act by issue of notice u/s 148 on 30.06.2021, copy of the same is placed in PB-1 filed by the assessee. In terms of the decisions of Hon’bl
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