IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘C’ BENCH, NEW DELHI BEFORE SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER, AND SHRI NAVEEN CHANDRA, ACCOUNTANT MEMBER ITA No. 3558/DEL/2024[A.Y.2015-16]

Karambir Singh Vs. The Income-tax Officer Plot No. 91, Near Neelkamal Ward – 1(4)

Water Factory, Transport Nagar, Faridabad Ballabgarh Sector – 58, Haryana PAN: AQIPS 3287 P (Applicant) (Respondent)

Assessee By : ShriJitender Wadhwa, CA Department By :ShriOm Parkash, Sr. DR Date of Hearing : 28.01.2025 Date of Pronouncement : 19.02.2025 ORDER PER NAVEEN CHANDRA, ACCOUNTANT MEMBER:-

This appealby the assessee is preferred against the order of the NFAC, Delhidated 27.06.2024 for A.Y 2015-16.

2. The grounds raised by the assessee read as under:

“1. That the appellant denies its liability to be assessed at a total income of Rs. 5,56,17590/- after making an addition of Rs. 5,39,34,469/- and accordingly denies his liability to pay tax and interest thereon.

2. That having regards to the facts and circumstances of the case, the reassessment order passed U/s 147 of the Act is void as the Hon'ble Bombay High Court in the case of Knight Riders Sports (P.) Ltd. v. Astt. CIT [2023] 155 taxmann.com 11/295 Taxm