2023 (9) TMI 210

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....t the order of the National Faceless Appeal Centre, Delhi ['NFAC'] dated 26.04.2023 for the assessment year 2011-12. 2. Briefly, the facts of the case are that the appellant is an individual deriving income under the head "salary" and "capital gains". The Return of Income for the assessment year 2011-12 was filed on 29.07.2011 declaring total income of Rs. 4,89,519/-. Against the said return of i....

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....er dated 06.10.2016 passed u/s 143(3) r.w.s. 147 of the Income Tax Act, 1961 ('the Act') at a total income of Rs. 6,47,020/- after making disallowance of Rs. 96,850/- while computing the income under the head "capital gains". 3. Being aggrieved by the above assessment order, an appeal was filed before the NFAC, who vide impugned order confirmed the action of the Assessing Officer. 4. Being aggri....