2016 (7) TMI 95

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.... For the Respondent: Md. Ghayasuddin Ansari, CIT, DR ORDER Per Shri Balaganesh, AM This appeal by assessee is arising out of order of CIT(A)-XXXVI, Kolkata vide Appeal No. 634/CIT(A)-XXXVI/Kol/10-11/690 dated 26.07.2013. Intimation u/s. 143(1) of the Income tax Act, 1961 (hereinafter referred to as the "Act") was issued by ACIT, Cir-45 (Admn) vide dated 07.02.2011. 2. The assessee ha....

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.... and bad in law. 2. For that in view of the facts and circumstances of the case the Ld. CITCA) was wholly wrong and unjustified in confirming the A.O's action in the consequential enhancement of the total income in the said Intimation U/S 143(1) by the said sum of Rs. 19,97,050/- without assigning any reason for making such enhancement by the A.O and confirmation of the same in appeal....

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....ht Forward loss of Rs. 87,656/-. 5. On first appeal, the Ld. CIT(A) reproduced the e-filed return of the assessee in his order and mentioned the LTCG figure at Rs. 1,64,20,396/- and upheld the intimation u/s. 143(1) of the Act to be correct. Aggrieved, assessee is in appeal before us. The Ld. AR filed the full set of e-filed return for AY 2009-10 and took us to the relevant portion of the LTCG ....