2025 (6) TMI 939

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....f the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 13.08.2024 for the AY 2013-14. 02. The only issue raised by the assessee is against the confirmation of disallowance of Rs. 16,36,800/- by the ld. CIT(A) as made by the ld. AO in respect of investment by the assessee in LIC. 03. At the outset, we observe from the appellate folder that there is a dela....

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....f Rs. 4,20,340/-. The reopening was made on the ground that the assessee invested in LIC in cash of Rs. 16,36,800/-. Accordingly, the statutory notices were served and assessee duly replied the said notices. The ld. AO finally made the addition of Rs. 16,36,800/- u/s 69 of the Act as unexplained investment. In the appellate proceedings, the ld. CIT(A) confirmed the addition. 06. I note that the a....