2025 (11) TMI 886

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....spondent : Sri Balusamy N., D.R. ORDER PER PRAKASH CHAND YADAV, JUDICIAL MEMBER: Present appeal of the assessee is arising from the order of ld. CIT(A)-11, Bangalore dated 25.11.2024 having DIN & Order No. ITBA/APL/M/250/2024- 25/1070615084(1) and relates to assessment year 2013-14. 2. Brief facts of the case as coming out from the orders of authorities below are that the assessee has ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bogus gain and hence the same is added u/s 68 of the Act. 3. Aggrieved with the order of AO, the assessee filed an appeal before the ld. CIT(A) and inter-alia argued the matter on the illegality of the proceedings as well as on the merits of the addition. Ld. CIT(A) confirmed the jurisdiction of AO u/s 148 of the Act and has also sustained the additions made by the AO. 4. Aggrieved with the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... appearing on behalf of the revenue argued that probably the date mentioned by the AO in the assessment order i.e. 23.2.2021 is not a correct date and hence 7 days' time (from 26.06.2025 the date on which matter has been heard) shall be given to the ld. D.R. to find out the correct date. 8. After considering the rival submissions, we observe that, till today i.e. (07 July 2025) the ld. D.R. co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ying on the judgment of the Madras High Court in the case of Home Finders Housing Ltd. (supra) cannot be accepted in light of the declaration of the Division Bench of this Court in the case of Deepak Extrusions (PY the procedure prescribed in Ltd. (supra) is a mandatory procedure which would vitiate the assessment order and the same having been concurred with in another judgment of the Division Be....