IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “B”, LUCKNOW BEFORE SHRI KUL BHARAT, VICE PRESIDENT AND SHRI NIKHIL CHOUDHARY, ACCOUNTANT MEMBER Assessment Year: 2009-10 Mr Pawan Kumar Singh v. Income Tax Officer

848, Tilak Colony, Subhash Ward-2(1)

Nagar, Bareilly (UP). Bareilly.

PAN:CCRPS4435G (Appellant) (Respondent)

Appellant by: Shri Abhinav Mehrotra, Adv.

Respondent by: Shri Sunil Kumar Rajwanshi, Addl.

CIT(DR)

Date of hearing: 22 04 2025 Date of pronouncement: 30 04 2025

O R D E R

PER KUL BHARAT, VICE PRESIDENT.:

By way of this appeal, the assessee has challenged the order of the Learned Commissioner of Income-tax (Appeals), dated 17.07.2014, pertaining to the assessment year 2009-10.

The assessee has raised the following grounds of appeal: -

“1. That the Learned Commissioner of Income Tax (Appeals) has erred in confirming addition of Rs.19,65,685/- under the head Long Term Capital Gains by applying provisions of section 50C of the Income Tax Act, 1961, with total disregard to the facts & circumstances of the case.

2. That the Learned Assessing Officer has erred in assumption of jurisdiction to initiate re-assessment proceedings u/s 148 of the Income Tax Act, 1961, in the case of the