2025 (9) TMI 941

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.... ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT : This appeal has been filed by the Assessee against the order passed by the Ld. ADDL/JCIT(A)-12, Mumbai (hereinafter referred to as "CIT(A)" for short) dated 27.06.2024 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for Assessment Year (AY) 2012- 13. 2. The assessee has raised following ....

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....fication of code by the appellant." 3. The brief facts of the case are that the assessee is an individual who filed original return of income for the year under consideration on 28.07.2012 declaring total income at Rs. 18,93,710/-. The case of the assessee was reopened on the basis of information received by the Assessing Officer that the assessee was one of the beneficiaries of Client Code Mod....

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....tered into any transaction with M/s. Affluence Share and Stock Pvt Ltd during the year. Therefore question of client code modification does not arise. Appellant also submitted that he did not own any shares of C Mahendra as on 14.06.2011 i.e. the date on which transaction of C Mahendra Shares took place. It was submitted that as the appellant did not own any shares of C Mahendra, question of selli....