2026 (2) TMI 937

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....R PER RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order passed by the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 20.11.2025 for the AY 2013-14. 2. At the outset, I note that the appeal of the assessee is barred by limitation by 238 days. At the time of hearing the counsel of the assessee explained the reasons fo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... assessee was re-opened on the basis of information that the assessee had sold shares of penny scrip, M/s Finalysis Credit and Guarantee Co. Ltd. on Bombay Stock Exchange Platform amounting to Rs.41,25,274/-. Notice u/s 148 of the Act was issued on 28.03.2021. in response to the notice, the assessee did not file any return. Accordingly, notice u/s 142(1) along with questionnaire was issued to the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....22-TPL(Part) though the section 151A was brought on statute book by the Taxation and Other Law (realization and amendment of certain provisions) Act, 2020 on 01.11.2020. Considering these facts, the assessment framed by the National Faceless Appeal Centre is null and void as the same is without jurisdiction and cannot be sustained. The case of the assessee find support from the decision of the co-....