IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘A’: NEW DELHI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No.4557/Del/2024 (ASSESSMENT YEAR 2011-12)

Anant Roop (Delhi) Private Income Tax Officer, Limited, Ward-2(4), 12, Central Lane, Vs. Delhi First Floor, Bengali Market, New Delhi-110001.

PAN-AAECA4991K (Appellant) (Respondent)

Assessee by Shri Aditya Sarin, Advocate Department by Shri Ashish Tripathi, Sr. DR Date of Hearing 18/02/2025 Date of Pronouncement 28/02/2025

O R D E R

PER MANISH AGARWAL, AM:

This is the appeal filed by the assessee against the order of CIT(A) NFAC, Delhi dt. 31.07.2024 in appeal No. NFAC/2010-

11/10157297 for AY 2011-12.

2. Brief facts of the case are that appellant is a Pvt. Ltd Company and had not filed the return of income for A.Y. 2011-12 though it is mandatorily required to file return of income in case of a company. AO had information that the appellant had purchased immovable property of Rs. 2,68,61,000/- and since no return was filed, AO initiated reassessment proceedings by issue of notice u/s. 148 on 30.03.2018. In response the appellant filed the return on 10.5.2018 declaring total income at Rs. 17,559/