2025 (4) TMI 1865

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....st the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 31.07.2024 for the AY 2015-16. 02. The only issue raised by the assessee during the course of hearing was with respect to invalid reopening of assessment u/s 147 read with section 148 of the Act and prayed that the assessment framed u/s 147 read with section 144B of the Act dated 30.03....

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....s, a copy of which available at page no. 16 and 17 of the paper book which state that the assessee had purchased stock option for aggregate premium value amounting to Rs. 12,81,000/- and sold the same for aggregate premium value of Rs. 17,80,000/- resulting into a profit of Rs. 4,99,000/- and accordingly, the income of the assessee has escaped assessment. Though the assessee did not appear before ....