2025 (6) TMI 1692

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....R ORDER PER RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the Commissioner of Income-tax (Appeals), ADDL/JCIT(A)-1, Visakhapatnam (hereinafter referred to as the "Ld. CIT(A)"] dated 18.01.2024 for the AY 2018-19. 2. The issue raised in ground no.1 is general in nature and needs no specific adjudication. 3. The issue raised in ground no.2, is agai....

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....on of the AO/CPC has resulted in increase in the assessed income by Rs.27,11,790/-. 5. In the appellate proceedings, the ld. CIT (A) affirmed the order of the ld. AO by mis-appreciating the facts of the assessee and justified the addition made by the AO/ CPC. 6. After hearing the rival contentions and perusing the materials available on record, we find that the assessee has shown income from....

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.... adjustment to be made u/s 143(1) of the Act as the issue involved/ required a lot of debate/ discussion and facts to be clarified and therefore, cannot be said to be a prima facie adjustment. In our opinion, if the AO/ CPC had any issue with regard to said capital gain the proper course would have been made to fix the scrutiny and to examine the amount of capital gain accordingly. Considering the....