2025 (7) TMI 118

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....nue : Shri Manish Gupta, Sr. DR ORDER PER ANUBHAV SHARMA, JM: This appeal is preferred by the Revenue against the order dated 12.09.2022 of the Ld. Commissioner of Income-tax (Appeals), NFAC, Delhi (hereinafter referred to as the Ld. First Appellate Authority or 'the Ld. FAA', for short) in Appeals No.CIT(A), Delhi-18/10430/2019-20 arising out of the appeal before it against the order dat....

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....02,35,000 would not sustain as the AO has made the casual remark in the assessment and proper examination and analyses was not done for the documents and evidences placed on record by the Assessee. 3. We find that assessee submitted the complete details of sales along with PAN, address of buyers, Bank statement depicting purchases, party-wise details of purchase, stock details etc.. AO himself ....

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..... The Ld. CIT-(A) while deleting the addition had observed that the AO had not worked out correctly the difference in the valuation of stock for the purpose of addition and in the interest of justice confirmed the addition of 5% of INR 1,74,50,004/- i.e. INR 8,72,500/-. 5. We find that no discrepancy in quantity of stock of gold and diamond was found by AO. Value of gold and diamond jewellery a....