2025 (5) TMI 684

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....H KUMAR, AM: This is an appeal preferred by the Revenue against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 05.06.2024 for the AY 2018-19. 02. The only issue raised by the Revenue in various grounds of appeal is against admitting fresh evidences by ld CIT(A) without calling for the remand report which are in contravention of Rule 4....

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....re was no response from the assessee and finally, the ld. AO assessed the income at Rs.1,97,40,000/- by making an addition of (i) cash withdrawals of Rs.1,93,26,069/- as unexplained money and (2) Rs.1,90,269/- in respect of contractual receipt. 05. In the appellate proceedings, the ld. CIT (A) allowed the appeal of the assessee by observing and holding as under:- "4. During the course of appeal....

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....to have verified the sources of credits into the bank accounts. In this case, the source was transfer entries credited into his bank account as the appellant acted as CSP agent on behalf of Save Solutions Pvt Ltd. This sum only withdrawn and given to the respective customers. Hence, addition of unexplained money of Rs. 1,93,26,029/- is not maintainable as it was not unexplained money. 6. On thi....