आदेश/ORDER

PER PRABHASH SHANKAR [A.M.] :-

The present appeal arising from the appellate order dated 11.10.2023 is filed by the assessee against the order passed by the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)”] pertaining to assessment order passed u/s. 143(3) r.w.s. 144B of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 23.09.2021 for the Assessment Year [A.Y.] 2018-19.

2. The grounds of appeal are as under:

1. On the facts and in the circumstances of the appellant’s case and in law, the Learned Commissioner of Income Tax (Appeal) erred in not quashing the assessment order passed by the AO u/s 143(3) r.w.s. 144B of the Income Tax Act, 1961.

2. On the facts and in the circumstances of the appellant’s case and in law, the Ld. Commissioner of Income Tax (Appeals) erred in upholding the AO’s action of making addition of Rs 1,95,00,00,000/- u/s 68 of the Income Tax Act, 1961.

3. Brief facts of the case are that the assessee filed the return of income for the relevant year declaring ‘Nil’ income. Subsequently, its case was selected for scrutiny and the AO assessed the total income at Rs. 195 cr.