2024 (10) TMI 347

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....l is filed by the assessee against order dated 25.09.2023 passed by the CIT(A), National Faceless Appeal Centre (NFAC), Delhi for the Assessment Year 2017-18. 2. The assessee has raised the following grounds of appeal :- "1. The Learned Commissioner of Income tax (Appeals) has erred in facts and in law and confirmed the addition made by Assessing Officer Amt. of Rs.35,29,394/- u/s. 68 ....

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....tion 143(2) of the Act was issued on 24.09.2018 which was served on the assessee electronically. Thereafter, notice under Section 142(1) was issued on 05.10.2019 and 17.06.2019 calling for details such as return of income, computation etc., cash book, Bank statement and source of cash deposit made by the assessee etc. in her bank account. During the assessment, the assessee furnished sale register....

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....f Rs.35,29,394/- under Section 68 read with Section 115BBE of the Act treating the cash sales shown as unexplained cash credits within the meaning of Section 68 of the Act. 4. Being aggrieved by the Assessment Order, the assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the assessee. 5. The Ld. AR submitted that once the Assessing Officer has accepted the assessee's....

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....e and purchase of silver and gold jewellery. The Ld. AR further submitted that the transaction related to the jewellery in respect of cheque was accepted and, therefore, the transaction in cash should also be accepted as the same is recorded in cash book as well as in the purchase and sales stock and duly recorded in books of account. 6. The Ld. DR submitted that the assessee is not having any ....