ORDER

PER SHRI NARENDRA PRASAD SINHA, AM:

This appeal is filed by the assessee against the order of the Commissioner of Income Tax (Appeals)-12, Ahmedabad (in short ‘the CIT(A)), dated 14.07.2023 for the Assessment Year 2015-16.

2. There was a delay of 57 days in filing of this appeal. The assessee has filed an affidavit explaining that the delay was caused due to pre-occupation of his Accountant Shri Mehul Jayantilal Shah who was busy in finalization of accounts and filing tax returns. Further, the assessee was also not available and was out of country for a considerable period of time due to which he could not monitor the timely filing of the appeal. An affidavit of Shri Mehul Jayantilal Shah, the Accountant of the assesse, has also been filed. Considering the explanation of the assessee, the delay in filing of the appeal is condoned.

3. The brief facts of the case are that the assessee had filed his return of income for A.Y. 2015-16 on 30.03.2016 declaring total income of Rs.45,46,760/-. The case was selected for limited scrutiny under CASS. The assessee had purchased a land during the year vide sale deed dated 10.03.2015 for a consideration of Rs.10,28,28,600/-. In the course of as