1. The present appeal has been filed against the order dated
24.06.2024 passed by the ITAT, Jaipur, whereby the Tribunal set aside
the an order passed by the Commissioner of Income Tax under Section
263 of the Income Tax Act in exercise of Revisional Authority and conse-
quently, restored the assessment order dated 26.03.2022 passed by the
Assessing Officer.
2. The brief facts, as stated in the appeal, are as follows:
2.1 The assessee filed his return of income on 20.03.2018, declaring a
total income of ₹99,820/-. On the basis of information received regard-
ing the assessee’s investment in an immovable property, proceedings
(Uploaded on 14/07/2026 at 07:02:55 PM)
[2026:RJ-JP:25823-DB] (2 of 8) [ITA-34/2025]
under Section 147 of the Income Tax Act, 1961 (“the Act”) were initi-
