ITAT Rejects Appeal Where Declared Capital Gains Accepted Without Adjustment

Grish Roy Pandit Vs ITO (ITAT Delhi) The appeal was filed against the order dated 31.08.2025 passed by the National Faceless Appeal Centre (NFAC) for Assessment Year 2015–16, arising from an assessment completed under Sections 147 and 144B of the Income-tax Act. The assessee challenged the reopening of assessment, alleged non-compliance with statutory provisions, non-faceless issuance of notice under Section 148, addition of ₹1 crore as unexplained income, and violation of principles of natural justice. The case originated from information flagged under the Risk Management Strategy regardi...