SANKHWAL REALTORS PVT LTD,NEW DELHI vs. INCOME TAX OFFICER, WARD-22(3), NEW DELHI
Income Tax Appellate Tribunal, DELHI “G” BENCH: NEW DELHI
Before: SHRI ANUBHAV SHARMA & SHRI MANISH AGARWAL[Assessment Year : 2012-13] Sankhwal Realtors Pvt.Ltd., 6/30, Shanti Niketan, New Delhi-110021. PAN-AAQCS2784N vs ITO, Ward-22(3), C.R. Building, New Delhi-110002. APPELLANT
PER MANISH AGARWAL, AM :
The present appeal is filed by the assessee against the order dated 08.09.2023 passed by Ld. Commissioner of Income Tax (A),
National Faceless Appeal Centre (“NFAC”), Delhi [“Ld.CIT(A)”] in Appeal No.CIT(A), Delhi-8/10847/2019-20 u/s 250 of the Income
Tax Act, 1961 [“the Act”] arising out of assessment order dated
07.12.2019 passed u/s 147/143(3) of the Act pertaining to assessment year 2012-13. 2. Brief facts of the case are that assessee company filed its return of income on 26.09.2012, declaring loss of INR 11,859/-.
The assessee company had purchased a piece of land at Village
Dera Mandi, New Delhi amounting to INR 1,80,00,000/-. The AO obtained a certified copy of Sale Deed of the land from Sub-