2025 (8) TMI 1029

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....r Assessment Year 2012-13, arises against the CIT(A)/NFAC, Delhi's DIN & order No. ITBA/NFAC/S/250/2024-25/1067699226(1) dated 16.08.2024, in proceedings u/s 147 r.w.s. 144 of the Income Tax Act, 1961 (in short "the Act"). 2. Heard both the parties at length. Case file perused. 3. It emerges during the course of hearing that the assessee raises three substantive issues in the instant appeal ....

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.... be upheld. The Revenue could hardly dispute that the assessee has been already assessed @ 10% of her other gross receipts. The only inference which arises in such a situation that the assessee's cash deposits infact are her undeclared business receipts only which also deserve to be assessed @ 10%. Learned Assessing Officer is accordingly directed to finalize his consequential computation in very ....