2025 (7) TMI 1902

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....see against the order of the ld. CIT(A), National Faceless Appeal Centre (NFAC), Delhi, dated 18.06.2024 for the Assessment Year 2020-2021. 2. Shri S.P.Dutta, ld.AR appeared on behalf of the assessee and Smt. Pampa Ray, ld. Sr.DR appeared on behalf of the revenue. 3. The appeal of the assessee is barred by 228 days. In this regard, the assessee has filed an application for condonation of del....

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....e assessee has paid Rs.79,92,000/-, therefore, no further addition is called for in the hands of the assessee. 5. In reply, ld. Sr. DR vehemently relied on the order of the ld.AO and ld. CIT(A). 6. I have considered the rival submissions. A perusal of the assessment order shows that the show cause notice issued to the assessee as to why 25% of the differential amount of Rs.59,94,000/- being ....

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....have the property valued by the DVO as per the provisions of Section 56(2)(x) of the Act. It is also noticed that the assessee has not appeared before the AO, thus, it cannot be said that the AO had not given any opportunity to question the assessee in regard to the proposal to invoke the provisions of Section 56(2)(x) of the Act. In view of these circumstances and looking to the conduct of the as....