2025 (3) TMI 460

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.... against the order passed by the Ld. CIT(A) NFAC, Delhi, arising out of the Assessment Order passed by the ITO, Ward 2(1)(2), Ghaziabad dated 29.09.2018 under Section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for Assessment Year 2016-17. None for the assessee at the time of call. 2. The Ld. AO finalized the assessment upon making addition of Rs.10,00,500/- on acco....

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....in turn the cash deposit made by the assessee. The case of the Revenue is this that had the father gifted any money to the assessee the same ought to have been gifted at a lump sum that too through cheques as has already been done in the case of gift made by the father to the assessee of Rs.5 lacs through cheque dated 02.02.2016 and therefore, the explanation rendered by the assessee was found to ....