2025 (8) TMI 1253

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.... appeal for assessment year 2018-19, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the "CIT(A)/NFAC"], Delhi's DIN and order no. ITBA/NFAC/S/250/2024-25/1067875764(1), dated 22.08.2024 involving proceedings under section 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'). 2. Heard both the parties at length. Case file p....

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.... the case, the NFAC has erred both on facts and in law in confirming the above addition despite the fact that the Assessing Officer has estimated the Gross Profit Rate at 6.4%, without there being any basis for the same. 5. That the appellant craves leave to add, amend or alter any of the grounds of appeal. 3. Suffice to say, the sole substantive issue which arises for the tribunal's a....