2023 (7) TMI 798

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....of the Income Tax Act, 1961 (in short 'Act') dated 06.12.2019 for the Assessment Year (A.Y.) 2017-18. 2. Brief facts of the case are that the assessee, an individual was the owner of USDP-VZLS Mee Seva, under which he collects payments from various customers with regard to electricity bills, telephone bills, govt. school fees on behalf of State Government of Andhra Pradesh. The collected amount is deposited in his bank account and transferred to AP State Govt. online and the assessee gets commission on the receipts collected for various services. The assessee filed his return of income, admitting taxable income of Rs. 2,46,710/- under the head 'income from business' and 'income from other sources'. The case was selected for limited scrut....

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.....CIT(A), the assessee preferred an appeal before the Tribunal by raising the following grounds of appeal : 1. The order of the learned Commissioner of Income Tax (Appeals) is contrary to the facts and also the law applicable to the facts of the case. 2. The learned Commissioner of Income Tax (Appeals) is not justified in sustaining the addition of Rs. 10,07,752/- made by the assessing officer towards income estimated @8% of the cash deposits / credits in the bank account. 3. Any other grounds may be urged at the time of hearing. 5. Ground No.1 and 3 are general in nature, which do not require specific adjudicaton. 6. Ground No.2 is related to addition of Rs. 10,07,752/- made by the AO towards income estimate....