2025 (11) TMI 547

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....been filed by the assessee against the order of the Ld. Commissioner of Income Tax (Appeals), (hereinafter referred to as "CIT(A)"), National Faceless Appeal Centre (hereinafter referred to as "NFAC"), Delhi dated 21.03.2025 passed under Section 250 of the Income Tax Act, 1961 (hereinafter referred to as the "Act") and relates to Assessment Year (A.Y.) 2012-13. 2. At the outset itself, Ld. Coun....

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....rd before the Ld. CIT(A), therefore, the appeal needs to be heard afresh by the first appellate authority. 3. Ld. DR fairly agreed with the same. 4. Having noted so, I find that in the present case, the assessment was framed making addition to the income of the assessee of Rs. 37,98,608/- on account of alleged profits earned by the assessee on Multi Commodity Exchange transactions carried ou....