2020 (11) TMI 90

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....nta Mridha, JCIT, Sr. DR appearing on behalf of the Revenue ORDER P. M. Jagtap , Vice President 1. By this stay application, the assessee is seeking stay of outstanding demand of Rs. 1,19,810/- for A.Y. 2011-12 and the same is being disposed of along with the corresponding appeal of the assessee being ITA No. 438/Gau/2019. 2. At the time of hearing of this stay application fixed today,....

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....d by the assessee on 28.03.2018 declaring a total income of Rs. 1,23,417/-. In the assessment completed u/s. 143(3)/147 of the Act vide an order dated 26.12.2018, the Assessing Officer, after discussing the outcome of enquiry and investigation conducted by the department in detail, treated the long term capital gain of Rs. 5,46,880/- as bogus and added the said amount to the total income of the as....

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....tailed order on merit. Aggrieved by the order of the Ld. CIT(A), the assessee has preferred this appeal before the Tribunal. 5. We have heard the arguments of the ld. DR and also perused the relevant material available on record. It is observed that even though the notices of the hearings fixed before the Ld. CIT(A) were stated to be issued to the assessee, there is nothing in the impugned orde....