2025 (9) TMI 1684

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....ue : Shri Vikas Chandra, Sr.DR ORDER PER SANDEEP SINGH KARHAIL, J.M. The assessee has filed the present appeal against the impugned order dated 16.06.2025, passed under section 250 of the Income-tax Act, 1961 ("the Act") by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, ["learned CIT(A)"], for the assessment year 2017-18. 2. In this appeal, th....

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....late order without granting a reasonable opportunity of hearing to the Appellant despite the Appellant's request for a hearing through video conferencing and without adjudicating the matter on merits." 3. The solitary grievance of the assessee is against the addition made under section 56(2)(vii)(b) of the Act. 4. We have considered the submissions of both sides and perused the material ....

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....learned AR"), by referring to the documents placed in the paper book filed by the assessee, submitted that the immovable property, being the flat, was purchased jointly by the assessee and M/s. Khimji Ladharam Bhadra (HUF) vide sale deed dated 31.03.2016. The learned AR further submitted that in the hands of the co-owner, i.e., M/s. Khimji Ladharam Bhadra (HUF), the Revenue has made an addition to....

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....as in the hands of co-owner of the immovable property the Revenue has already made 50% addition. Such being the facts, even the learned Departmental Representative also did not object to the submission of the learned AR, as it is evident from the sale deed that the said flat was jointly purchased by the assessee and M/s. Khimji Ladharam Bhadra (HUF). Accordingly, we direct the AO to restrict the a....