2025 (12) TMI 353

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....l Talati, AR ORDER The appeal is filed by the Revenue against the order dated 08.08.2025 passed by the National Faceless Appeal Centre (NFAC), Delhi, for Assessment Year 2016-17. 2. The grounds of appeal filed by the Revenue are as under: 1. "Whether on facts and circumstances of the case and in law, the ld.CIT(A) has erred in law and on facts in holding that the reassessment pro....

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....the trade value of Rs. 1,98,723/- made in the scrip of Nobel Polymers Limited?" 3. Whether on the facts and in the circumstances of the case and in law, the Ld.CIT(A) erred in law and on facts in deleting the addition of Rs. 2,00,710/- (1,98,723/- u/s. 69A + Rs. 1,987/- u/s. 69C) of the Act, by ignoring the direct and cogent evidence gathered during the investigation which established tha....

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....e income tax return in response to notice u/s.148 of the Act. In response to notices u/s.142(1) of the Act, the assessee filed reply on 16.02.2022 alongwith capital gain/loss computation statement, demat account statement transaction statement, Axis bank account statements, details of share before the AO. The AO observed that the assessee calculated long term capital gain by selling scrip of M/s. ....

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.... was unexplained expenditure u/s.69C of the Act being 1% commission for arranging the entry without appreciating the fact that the assessee could not provide a satisfactory explanation regarding the trade value of Rs. 1,98,723/- made in the scrip of M/s. Nobel Polimers Limited. The Ld. DR relied upon the assessment order. 6. The ld. AR relied upon the order of the Ld. CIT( A). 7. Heard both ....