2025 (6) TMI 297

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.... Kumar Aggarwal, Accountant Member For The Assessee : None For The Revenue : Smt. Kusum Bansal, CIT,DR ORDER PER RAJPAL YADAV, VP The present two appeals are directed at the instance of the assessee against the separate orders of ld. Commissioner of Income Tax (in short 'the CIT) dated 21.02.2019 passed under Section 263 of the Income Tax Act for assessment year 2014-15 and 2012-13 ....

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....rcumstances, we have concluded the hearing with the assistance of ld. CIT DR. 3. The facts on all vital points are common in both the years, therefore, for the facility of reference, we are taking the facts from assessment year 2012-13 but all-important facts will be taken note simultaneously. It emerges out from the record that assessee has filed its return of income electronically on 30.09.20....

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....ied out any investigation, rather it emerges out that assessment order was passed on 29.12.2016 and assessee has submitted details on 16.12.2016. There was no occasion for the AO to conduct an enquiry on the details submitted by the assessee. Therefore, he took action under Section 263 in both the years and set aside both the assessment orders. 5. With the assistance of ld. CIT DR, we have gone....