ITA No. 821/Del/2020 pertains to an appeal filed by Dharambir Khattar against the order of the CIT(A)-35, Delhi dated 23/12/2019, concerning assessment year 2011-12.
The appellant challenged the initiation of reassessment proceedings under Section 147, contending that it was done summarily without proper reasons. The appeal also addressed issues related to the addition of sale proceeds of equity shares under Section 69A of the Income Tax Act.
During the hearing, it was agreed by both parties that the CIT(A)’s order should be set aside, and all disputed issues should be reconsidered with a speaking order.
Consequently, the Tribunal set aside the CIT(A)’s order and directed a fresh adjudication with a speaking order, treating the appeal as partly allowed for statistical purposes.
The final judgment was pronounced on 02/02/2023 by Members Chandra Mohan Garg, Judicial Member, and Anadee Nath Misshra, Accountant Member.
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