2025 (3) TMI 1511

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....AM: This appeal filed at the instance of assessee is directed against the order of Ld. CIT(A)/NFAC dated 30.10.2024 which is arising out of the assessment order u/s 144 of the Act for Assessment Year 2017-18 framed on 28.11.2019 by the ITO, Wart-1(1), Nashik. 2. Registry has informed that there is a delay of 4 days in filing of the instant appeal. Application for condonation of delay has been f....

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....ting the said deposits as unexplained income merely on the ground that the cooperative societies were not entitled to accept SBNs from its members. Reliance placed on following decisions :- (i) ITO vs. C.D. Patani Nagari Sahakari Patsanstha [ITA No. 727/PUN/2022] dated 28.03.2023. (ii) Shreejit Finance Pvt. Ltd. vs. ACIT [ITA No. 439/PUN/2022] dated 22.04.2024. (iii) Bhagur Urban Credit....

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....,500/-. The assessee society did not file the return of income. Though the assessee failed to satisfy both the lower authorities, before us the assessee has furnished copies of submission filed before the Assessing Officer on 25.11.2019 which seems to have not examined thoroughly by the Assessing Officer as no further enquiry was conducted to verify the claim of the assessee. Further, the assessee....