2025 (12) TMI 655

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....ER M. BALAGANESH, A. M.: 1. The appeal in ITA No.3148/Del/2025 for AY 2021-22, arises out of the order of the Pr. Commissioner of Income Tax (Central)-1, New Delhi [hereinafter referred to as 'ld. Pr. CIT(A)', in short] dated 06.03.2025 against the order of assessment passed u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 31.03.2023 by the Assessing Officer,....

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....BE of the Act. In the assessment order, the ld AO had given long term capital gain computation of Rs. 9,31,96,472/- and had added the same in the final computation of income as against long term capital gain disclosed by the assessee in the sum of Rs. 1,89,47,440/-. But the ld AO instead of adding the difference of Rs. 7,42,49,032/- (Rs. 9,31,96,472/- (-) 1,89,47,440/-) erroneously added the gross....

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....ing his revision jurisdiction u/s. 263 of the Act sought to revise the assessment order framed u/s. 143(3) of the Act dated 31.03.2023 by treating the said order as erroneous inasmuch as it is prejudicial to the interest of the revenue on the ground that in the computation sheet attached with the assessment order, the total income was wrongly taken by the ld AO at Rs. 12,07,09,600/- as against the....