2025 (4) TMI 269

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....u Datta, CIT DR ORDER PER PRADIP KUMAR CHOUBEY, JM: This is the appeal preferred by the assessee against order of Commissioner of Income Tax (Appeal)- NFAC, Delhi (hereinafter referred to as the Ld. CIT(A)] dated 27.08.2024 for AY 2015-16. 2. Brief facts of the case of the assessee are that the assessee is a private limited company, filed its return of income declaring total income of ....

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....0/- u/s 69A read with Section 115BBE of the Act. 3. Aggrieved by the said order the assessee preferred an appeal before the Ld. CIT(A) wherein also the appeal of the assessee has been dismissed. Being aggrieved and dissatisfied the assessee preferred an appeal before us. 4. The Ld. Counsel for the assessee without arguing into the merit of the case has submitted that the AO has reopened the ....

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....ind that the AO has passed an order on the basis of Apex Court decision passed in Union in India & Ors. Vs. Asish Agarwal. Later on, Apex Court decision in Union of India & Ors vs. Rajib Bansal case has resolved a long-standing controversy surrounding reassessment proceedings u/s 148 of the Act. This controversy deemed very notices issued on 01.04.2021 and 30.06.2021 following the extended time li....