ORDER

PER VIMAL KUMAR, JUDICIAL MEMBER:

The appeal filed by the appellant/assessee is against order dated 16.03.2023 passed by Learned Commissioner of Income- Tax(Appeals)/National Faceless Appeal Centre(NFAC), Delhi (hereinafter referred as ‘Ld. CIT(A)’) under Sections 250 of the Income-Tax Act, 1961 (hereinafter referred as “the Act”) arising out of assessment order dated 29.12.2017 under Section 143 (3) read with Section 147 of the Act of the Addl. Commissioner of Income Tax, Special Range-9, New Delhi (hereinafter referred as ‘Ld. A.O.’) for assessment year 2012-13.

2. Brief facts of the are that the appellant/assessee filed return declaring loss of Rs.2,43,38,377/- on 28.09.2012. The case was taken up for compulsory scrutiny and after giving proper opportunities to the assessee, the assessment was completed under Section 143 (3) of the Act at total loss of Rs.1,23,28,822/- on 27.03.2015. Later on, an information was received in case of the assessee from the Directorate of Investigation, New Delhi on 28.03.2017, regarding taking o