2023 (8) TMI 501

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....: This appeal, by the assessee, is directed against the order of the learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, pertaining to the assessment year 2017-18. The assessee has raised following ground of appeal: "That on the facts and circumstances of the case, the learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre....

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.... AO made addition of Rs. 46,39,000/- in respect of cash sales made to Fashion King Garments Ltd. and Ganesh Enterprises. Aggrieved against this the assessee preferred appeal before learned CIT(Appeals), who after considering the submissions sustained the addition. Aggrieved against this the assessee is in appeal before this Tribunal. 3. Learned counsel for the assessee vehemently argued that th....

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....ion King Garments Ltd. and Ganesh Enterprises. The AO has noted the cash deposited by the assessee. However, the AO has not given any finding regarding the purchases in the assessment order the AO noted that on inquiry it was found that these firms are closed. The explanation of the assessee is that it had made cash sales to these two parties. Considering the totality of the facts I am of the cons....