2025 (5) TMI 1316

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.... For The Revenue : Shri E Shridhar, CIT (DR) ORDER PER WASEEM AHMED, ACCOUNTANT MEMBER: This appeal has been filed by the assessee against the order passed by the ld. CIT(A)-15, Bengaluru, dated 27/01/2025 in DIN No. ITBA/APL/M/250/2024-25/1072572231(1) for the assessment year 2018- 19. 2. The issue raised by the assessee is that the ld. CIT(A) erred in confirming the addition of Rs.....

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.... Naik. Thus, the addition for the remaining amount of Rs. 8,14,412/- was confirmed by the ld. CIT(A), and thus, the appeal of the assessee was partly allowed by the ld. CIT-A. 5. Aggrieved by the order of the ld. CIT(A), the assessee is now in appeal before us. 6. The ld. AR before us filed a paper book running from pages 1 to 47 and a case law compilation containing pages from 1 to 226. The....

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....of the authorities below. 8. We have heard the rival contentions of both the parties and perused the materials available on record. It is an admitted fact that the assessee declared income falling under the higher tax bracket. The income declared over the years is sufficient to justify the impugned investment in gold. In this context, reference is made to the order of the Delhi Tribunal in the ....