Bench: Shri Sanjay Garg & Dr. Manish Boradi.T.A No.185/Kol/2022 Assessment Year: 2011-12 Shri Fateh Chand Chindalia........................................………...…..…Appellant 4A, Sayed Sally Street, Kolkata-700073. [Pan: Adfpc9919G] Vs. Ito, Ward-40(1), Kolkata......................................................…..…..Respondent Appearances By: Shri Sunil Surana, Ar, Appeared On Behalf Of The Appellant. Shri Subhrajyoti Bhattacharjee, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : January 24, 2023 Date Of Pronouncing The Order : March 16, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 19.03.2021 Of The Principal Commissioner Of Income Tax -1, Kolkata [Hereinafter Referred To As The ‘Pcit’] Exercising His Revision Jurisdiction U/S 263 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Assessee In This Appeal Has Taken The Following Grounds Of Appeal: “1. For That The Ld. Pcit Erred In Invoking The Provisions Of Section 263 When The Assessment Completed U/S 143(3)/147 On 26.12.2018 Was Neither Erroneous Nor Prejudicial To The Interest Of Revenue.

unexplained investment. During the reassessment proceedings, the assessee explained the source of the aforesaid investment in the shares and the Assessing