IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “B” BENCH: HYDERABAD BEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER AND SHRI RAVISH SOOD, JUDICIAL MEMBER Assessment Year 2022-2023 The Income Tax Officer, Narasimha Reddy Duthala, Ward-2(1), Hyderabad Hyderabad – 500 032 vs.

PIN - 500 084. Telangana.

Telangana. PAN ABPPD8192C (Appellant) (Respondent)

For Revenue : MS. M. Narmada, CIT-DR For Revenue : Shri Mohd. Afzal, Advocate Date of Hearing : 13.03.2025 Date of Pronouncement : 09.05.2025 ORDER PER MANJUNATHA G. :

This appeal has been filed by the Revenue against the order dated 27.08.2024 of the learned CIT(A)-National Faceless Appeal Centre [in short the “NFAC”] Delhi, relating to the assessment year 2022-2023.

2. The Revenue has raised the following grounds in the instant appeal :

1. “The CIT(A) has erred both in law and on facts of the case. 2. Whether on the facts and circumstances of the case and in law, the CT(A) has erred in ignoring the fact of the ownership of two residential houses prior to the transfer of original asset dated 16.06.2021 as evidenced by the Schedule Al, of asset and liabilities as on 31.03.2021 as per the return of income filed for the A.Y. 2021-22.

3. Whether on th