2025 (8) TMI 1022

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.... 2012-13, arises against the CIT(A)/NFAC, Delhi's DIN & order No. ITBA/NFAC/S/250/2021-22/1037695389(1) dated 10.12.2021, in proceedings u/s 147 r.w.s. 143(3) of the Income Tax Act, 1961 (in short "the Act"). 2. Case called twice. None appears at the assessee's behest. He is accordingly proceeded ex-parte. 3. Learned departmental representative has invited the bench's attention to case file ....

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....partmental representative vehemently argues that the impugned addition has been rightly made in the assessee's hands. 5. A perusal of the case file on the other hand reveals that the assessee had infact given a loan of Rs. 11,50,000/- to one Sh. Naresh Bansilal Saini (his relative) by cheque which has come back through the very channel in the impugned assessment year. This being the clinching c....