2025 (8) TMI 1248

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....DR ORDER PER SANJAY GARG, JUDICIAL MEMBER : The present appeal has been preferred by the assessee against the order dated 04.07.2024 of the Ld. Commissioner of Income Tax, (Appeal), National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as the "Ld. CIT(A)"] passed u/s. 250 of the Income-tax Act, 1961 (hereinafter referred to as the "Act") for Assessment Year (AY) 2006-07. ....

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....e) of the Act and made the impugned addition. The assessee contested the aforesaid addition up to the Supreme Court. The plea of the assessee was that the aforesaid advance was out of the normal course of business and not as a loan per se. Though the Ld. CIT(A) had confirmed the additions but the ITAT had deleted the addition. Thereafter, the Hon'ble Calcutta High Court confirmed the additions aga....