CIT(A) while deciding appeal is required to pass order on points of determination with reasons

Nisha Vrateen Vaish Vs ITO (ITAT Surat) ITAT find that Assessing Officer passed assessment order under section 144 r.w.s. 147 30.10.2018. In the assessment order, the Assessing Officer made treated the long term capital gains (LTCG for short) on sale of script of Vax Housing Finance Corporation Limited of Rs.6,45,597/- as bogus LTCG entry. The Assessing Officer also added commission paid to the operator @ 2% of the LTCG. The NFAC/Ld. CIT(A) upheld the addition in ex parte order by taking view that three notices were served through ITBA portal but none of the notices were compiled by the assess...