The Tax Publishers2021 TaxPub(DT) 0652 (Del-Trib)

IN THE ITAT, DELHI BENCH

R.K. PANDA, A.M. & SUCHITRA KAMBLE, J.M.

Abhisar Sharma v. DCIT

ITA No. 3285/Del/2015

27 January, 2021

In favour of assessee.

Assessee by: Gautam Jain, Advocate and Lalit Mohan, CA

Revenue by: J.K. Mishra, Commissioner--Departmental Representative

ORDER

R.K. Panda, A.M.

This appeal filed by the assessee is directed against the Order, dated 30-3-2015 passed under section 263 of the Income Tax Act by the Principal Commissioner-22, Delhi, relating to assessment year 2005-06.

2. Facts of the case, in brief, are that the assessee is an individual and filed his return of income on 22-7-2005 declaring income of Rs. 9,00,355. The assessee in the return of income had declared income from salary at Rs. 9,81,964 and loss from house property at Rs. 81,609. The return was processed under section 143(1) of the Act on 4-7-2006 at the same income. Subsequently, the case of the assessee was reopened by issue of notice under section 148 of the Act, dated 27-3-2012 after obtaining prior approval of the Addl. Commissioner, Range-7, New Delhi, vide his Letter No. 526, dated 27-3-2012. The assessing officer completed the assessment under section 147/143(3) on 28-3-2013, determining the income of the assessee at Rs. 11,03,270 as against the returned income of Rs. 9,00,355 wherein he made the following additions:-

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