2026 (10) TMI 667

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.... Santosh Kumar Karnani, Sr. DR ORDER PER LAXMI PRASAD SAHU, AM: This appeal is filed by the assessee against the order passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") by National Faceless Appeal Centre, Delhi [hereinafter referred to as 'the ld. CIT(A)'], dated 23.10.2025 arising out of assessment order passed by the Assessing Officer (In short, 'the AO')....

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....pt of Rs. 2,45,79,300/- and income assessed @8% on the gross sale receipts at Rs. 19,66,344/- and income was assessed as business income of Rs. 19,66,344/-. Accordingly, the AO completed the assessment order on 30.03.2022 u/s 147 r.w.s. 144 r.w.s. 144B of the Act. 3. Aggrieved by the above order, the assessee filed appeal before the ld. CIT(A). The ld. CIT(A) issued various notices on different....

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....undertook that if one more chance is given to the assessee, the assessee will substantiate his case with cogent documents. 6. On the other hand, the ld. Sr. DR relied on the order of lower authorities and stated that during the assessment proceedings as well as the first appellate authority the assessee was given ample opportunities to substantiate the case of the assessee but continuously the ....