2024 (6) TMI 861

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....ESH KUMAR U. S. , JM : This appeal filed by the Assessee against the order of Learned Commissioner of Income Tax (Appeals)-30, New Delhi, ["Ld. CIT(A)", for short], dated 25/11/2021 for Assessment Year 2017-18. The following grounds of appeal taken by the assessee: "1. The Ld. CIT(Appeals) has erred in confirming the assessed income of Rs.91,30,800 as against returned income of Rs.64,30,800. ....

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....from 09/11/2016 to 31/12/2016, the assessee deposited an amount of Rs. 27,00,000/- by cash in the bank account which shows abnormal increase in sales with decrease in profitability compared to preceding year. An order u/s 143(3) has been passed by the A.O. making an addition of Rs.27,00,000/- u/s 69A of the Act. 3. As against the assessment order dated 12/12/2019, the assessee preferred an appeal....

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....eous findings, the assessment has been made by the A.O., which has been confirmed by the Ld. CIT(A), therefore, sought for deletion of the additions. 6. Per contra, the Ld. DR relied on the orders of the lower authorities and sought for dismissal of the appeal filed by the assessee. 7. We have heard the parties and perused the materials available on record. During the assessment proceedings, the....