ORDER

PER RAMIT KOCHAR, Accountant Member

This appeal in ITA No.1220/Del/2024 for assessment year: 2018-19 has been filed by the assessee against the re-assessment order dated 25^th January, 2024 passed by the learned Assessing Officer(hereinafter called “the AO”) u/s 147 r.w.s. 144C(13) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’), wherein addition to the tune of Rs.1,02,54,839/- has been made in the hands of the assessee , which re-assessment order u/s 147 of the Act has been passed by the AO in pursuance to the directions given by the Ld. DRP dated 06.12.2023 u/s 144C(5) of the Act(DIN & Document No. ITBA/DRP/M/ 144C(5)/2023-24/1058517816(1)). The AO had earlier issued draft re- assessment order dated 20^th March, 2023 u/s 144C(1) of the Act, wherein the AO proposed an addition to the tune of Rs.1,02,54,839/- which additions were challenged by the assessee by filing objection before the ld. DRP which objections stood dismissed by ld. DRP , and which culminated into an directions dated 06.12.2023 issued by ld. DRP u/s 144C(5) of the Act.

2. The brief facts of the case are that in the case of the assessee, specific information was flagged as per High Risk Manageme