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TMI Blog2025 (2) TMI 116X X X X Extracts X X X X X X X X Extracts X X X X ..... by the assessee challenging the impugned order 06.02.2024, passed u/s 250 of the Income Tax Act, 1961 ('the Act'), by the National Faceless Appeal Centre, Delhi ('Ld. CIT(A)') for the assessment year 2014-15. 2. There is a delay in filing the appeal, and in this regard, the assessee has requested for the condonation of delay and the reasons given are supported by an affidavit. 3. After having he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fore the contention of the affidavit filed by the assessee went un-rebutted. Considering the totality of facts and legal preposition as discussed above, the delay in filing the appeals stands condoned. 5. Ground No. 1 & 2 raised by the assessee relates to challenging the order of Ld. CIT(A) in confirming the additions made by the AO. Therefore I have decided to take up both these grounds jointly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich contains statement of purchases and sales of shares of DMC international Ltd and statement with effect from 01.04.2010 to 31.03.2011 of Nirmal Bang securities Private Limited through which shares were purchased and sold. 9. After analyzing the documents placed on record I found that assessee suffered loss of Rs. 37,932/- instead of gain. Even otherwise the assessee has not maintained books o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (A) while dealing with the appeal of the assessee adjudicated the provisions of section 69A instead Sec. 68 of the Act. Therefore the impugned order of CIT(A) is contrary to the provisions of law. Thus, the order of Ld. CIT(A) is not sustainable and consequently as discussed above the additions made by the AO are directed to be deleted. 11. In the result the appeal filed by the assessee stands al ..... X X X X Extracts X X X X X X X X Extracts X X X X
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