2025 (8) TMI 1517

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ipu Koley, Adl.CIT-Sr.DR For the Assessee : Shri S.M.Surana & Sunil Surana, ARs ORDER PER RAJESH KUMAR, AM : The revenue has filed appeal against the order dated 11.11.2024, passed by the ld. CIT(A), Kolkata-27, for the assessment year 2021-2022 and the assessee has filed cross objecting arising out of the appeal filed by the revenue. 2. The only issue raised by the revenue in its a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er on the basis of documents seized during the search namely GDA4, GDA5 & GDA6 observed that the assessee has made certain transactions out of the books of accounts which aggregated to Rs. 1,01,36,660/-. Accordingly the same was treated as unexplained money in terms of Section 69A of the Act and added the same to the total income of the assessee. 4, In the appellate proceedings, the ld. CIT(A) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... transactions were found during the course of search as per the seized documents being GDA4, GDA5 & GDA6. We find that the assessee has explained before the ld.CIT(A) that this transactions represented the suppressed sales made by the assessee during the course of business and, therefore, the entire value of transactions could not be added. Ld. CIT(A) applied the GP rate @12.5% and partly allowed ....