2025 (7) TMI 949

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....Shri Bandish Soparkar, A.R. & Shri Parin Shah, A.R. For The Revenue : Shri Kavan Limbasiya, Sr. D.R. ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER: This is an appeal filed against the order dated 13-05-2024 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2017-18. 2. The grounds of appeal are as under:- "1. The order passed by lower authorities is ba....

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....alty proceedings u/s 270A is unjustified. Total tax effect Rs. 11,39,237/-" 3. The assessee filed return of income for assessment year 2017-18 on 24-07-2017 declaring total income of Rs. 1,49,52,380/-. The assessee filed revised return of income on 05-01-2019 declaring total income at Rs. 1,49,52,380/- after claiming deduction of Rs. 2,05,484/- under Chapter VI-A of the Act. The case w....

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....-2016. After taking cognizance of the assessee's reply, the Assessing Officer made addition of Rs. 10,94,500/- as unexplained money u/s. 69A r.w.s. 115BBE of the Act by treating it to be assessee's deemed income. 4. Being aggrieved by the assessment order, the assessee filed appeal before CIT(A). The CIT(A) dismissed the appeal of the assessee. 5. The Ld. A.R. submitted that the assessee had....