2025 (8) TMI 873

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al for assessment year 2011-12, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the "CIT(A)/NFAC"], Delhi's DIN and order no. ITBA/NFAC/S/250/2024-25/1067079208 (1), dated 26.07.2024 involving proceedings under section 144 of the Income tax Act, 1961 (hereinafter referred to as 'the Act'). 2. Heard both the parties at length. Case file perused.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....along. 5. Be that as it may, the clinching nexus which is noticed during the course of hearing is that the assessee's grandfather had executed various sale deeds in the month of July, 2010 followed by the corresponding five cash deposits made in the assessee's name in the month of August, 2010 to January, 2011. It is thus observed that these cash deposits couldn't be altogether denied the benef....