2025 (5) TMI 962

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.... The captioned appeal has been filed at the instance of the assessee seeking to assail the First Appellate order dated 07.11.2024 passed by Commissioner of Income Tax (A)-3, Noida ["CIT(A)"] under s. 250(6) of the Income Tax Act, 1961 ["the Act"] arising from the assessment order dated 11.03.2024 passed under s. 263/143(3) of the Act relevant to assessment year 2018-19. 2. As per the grounds of....

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....deration, the assessee has declared total receipts of INR 19,80,000/- and offered income under s. 44AD of the Act. The amount of INR 12,00,020/- do not belong to the assessee exclusively and the amount belongs to the assessee of INR 4,10,020/-, Vaseem Ahmed of INR 4,10,000/- and Islamuddin of INR 3,80,000/-. The aforesaid amount was payment collected from different persons against the scrap batter....

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....000/- out of INR 12,00,020/- belong to other parties. The facts mentioned in the affidavit have not been refuted and therefore, should be believed. Reliance has been placed in the case of Senior Bhosale Estate vs ACIT [2019] 112 taxmann.com 134 (SC) and Kuldeep Kumar vs ITO reported in 107 ITR 241(Jodh.). It is further contention of the assessee that certain turnover declared in return of income (....