2025 (5) TMI 347

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.... captioned appeal, challenging the order dated 26.06.2024 passed by the National Faceless Appeal Centre, Delhi (herein referred as "NFAC"), arising out of the order of the assessing officer dated 26.06.2024 pertaining to Assessment year 2017-18. 2. The revenue has raised the following grounds of appeal : 1. That on the facts and circumstances of the case, the Ld. CIT(A) has erred in deleting th....

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....mend any ground of appeal before or during the course of hearing of appeal. 3. The facts of the case may be summarized that as per the information available with the ld. AO, the assessee during the A.Y. 2017-18 deposited cash of Rs. 27,08,000/- during the demonetization period from 09.11.2016 to 31.12.2016 and thereafter online response from the assessee was sought to explain the above cash depos....

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....f the assessee for the A.Y. 2017-18 under Section 69A of the Act and an addition of Rs. 1,60,09,040/- was made towards the unexplained cash deposits and credit entries. By aggrieving with the same the assessee filed appeal and succeeded as the CIT(A) partly allowed the appeal. 4. The revenue preferred instant appeal before us by aggrieving the same by stated that Ld. CIT(A) erroneously deleted th....

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....l store was closed down w.e.f. 31.03.2017 so assessee had not filed his return of income for the A.Y. 2017-18 and as per submission advanced on behalf of the assessee before the Ld. CIT(A) that the impugned cash deposits were made out of the sales. The Ld. CIT(A) finds merits in the assessee's submissions that the deposits of / entries in his bank account are from regular sales from medical store ....