2025 (8) TMI 281

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.... against the order dated 02.02.2024 passed by the Ld. Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'CIT(A)'], for the Assessment Year 2017-18. 2. The Assessee is aggrieved by the action of the ld. CIT(A) in confirming the addition of Rs. 18,05,000/- on account of unexplained cash deposits in the bank account of the Assessee. The Assessing O....

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....efore, treated the aforesaid amount as income of the Assessee from undisclosed sources. 3. The ld. CIT(A) confirmed the addition so made by the A.O. 4. I have heard the rival contentions and gone through the material on record. At the outset, ld. Counsel for the Assessee has invited my attention to the pages 2 & 4 of the assessment order, wherein, the A.O. has compared the sales of the Assessee ....

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....e of Rs. 21,94,000/-. A perusal of the aforesaid data would reveal that the Assessee's cash sales have slightly increased from Rs. 74.15 lacs in F.Y. 2015-16 to Rs. 78.89 lacs in F.Y. 2016-17. However, there is a proportionate increase of sales during the period 1.4.2015 to 8.11.2015 also, as the same were at Rs. 36.70 lacs from 1.4.2015 to 8.11.2015, whereas, it were at 49.65 lacs for the period ....