2025 (6) TMI 939

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....eferred by the assessee against the order of 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....

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.... income on 26.09.2013, declaring the total income of 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. CI....