2025 (7) TMI 1656

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HOUDHRY, JUDICIAL MEMBER: This appeal has been preferred by the Assessee against the order dated 08.11.2024, impugned herein, passed by the National Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) u/s 250 of the Income Tax Act, 1961 (in short 'the Act') for the A.Y. 2018-19. 2. In the instant case, the Assessing Officer (AO) considered the ded....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Ld. D.R., at the outset, relied on the orders passed by the authorities below, however, not disputed a particular fact that the property as alleged has been transferred/sold by the "relative" of the Assessee, with whom transactions carried out, are protected or immuned from the rigors of section 56(2)(x) of the Act and therefore the provision of section 56(2)(x) of the Act under which addition ha....