2025 (7) TMI 1234

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... The Respondent : Shri Kamal Deep Singh, Sr DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal has been filed by the assessee against the order dated 10.02.2025 passed by the Ld. ADDL/JCIT(A)-10, Mumbai (hereinafter referred to as "CIT(A)" for short), passed u/s 250 of the Income-tax Act, 1961, (hereinafter referred to as "the Act" for short) for the Assessment Year (AY) 2012-13.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the basis of assumption. and presumption is not valid in law and therefore the addition sustained by the CIT(A) of Rs. 1,99,350/- require to be deleted. 04. That the A.O. has initiated penalty proceedings u/s 270A(1) and 270A(9)(a) are against the provision of Act, and hence it requires to be drop. 05. That the appellant has neither committed default of Sec. 210 nor made any def....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s. 38,25,010/- u/s 143(3) of the Act. 4. Aggrieved by the order of the Assessing Officer, the assessee filed appeal before the Ld. CIT(A) who confirmed the addition of Rs. 1,99,350/- made by the Assessing Officer. 5. Aggrieved by the order of the Ld. CIT(A), the assessee is now in appeal before the Tribunal. 6. We have heard the rival contentions and perused the material available on reco....