IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI BALAKRISHNAN S, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER Assessment Year : 2016-17 Shri. Suresh Bhatia (HUF), Vs. DCIT, 4406, High Point – IV, 45, Circle – 1(1)(1), Palace Road, Bangalore.

Bangalore – 560 001.

PAN : AADHB 7855 H APPELLANT RESPONDENT Assessee by : Shri. Ravishankar S V, Advocate Revenue by : Shri. Subramanian S, JCIT(DR)(ITAT), Bengaluru.

Date of hearing : 27.04.2026 Date of Pronouncement : 30.04.2026

O R D E R

Per Balakrishnan S, Accountant Member :

This appeal is filed by the assessee against the order passed by CIT(A) [NFAC, Delhi], vide DIN and Order No.ITBA/NFAC/S/250/2025- 26/1079089279(1) dated 30.07.2025 for the Assessment Year 2016-17 arising out of order passed under section 147 r.w.s. 144B of the Act dated

29.05.2023.

2. Briefly stated the facts of the case are that assessee filed return of income for Assessment Year 2016-17 on 17.10.2016 admitting a total income of Rs.Nil. As per information available at the Department on the insight portal, assessee during the Financial Year 2015-16 has claimed short term capital loss on sale of units of mutual funds amounting to Rs.2,05,45