2025 (8) TMI 1648

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.... to as "ld. AO"). 2. None appeared on behalf of the assessee and hence I proceed to dispose of this appeal on hearing the ld DR and based on the materials available on record. 3. The assessee has raised the following grounds of appeal:- "1. That on the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in upholding partial disallowance (50%) of business expenses of 12,14,284 incurred wholly and exclusively for the purpose of business, despite submission of all supporting documents. 2. That the Ld. CIT(A) failed to appreciate that the expenses were backed by affidavits, ledgers, vouchers, salary payment confirmations, and professional bills, and no adverse findings or discrepancies were recorded by the AO or CIT(A....

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....ment of all the bank accounts, explaining the nature of each debit and credit entry thereon. The assessee also submitted that the commission income earned from M/s. Future Maker Life Care Pvt. Ltd by him had been duly subjected to deduction of tax at source (TDS) and also enclosed Form 26AS thereon. The assessee also furnished the trading and profit and loss account together with the balance sheet. The ld AO noticed that information was received as available in ITBA system revealed that assessee had received commission income of Rs.25,38,144/- for which purpose the reopening was done. Since, the assessee has shown only Rs. 18,72,000/- (as commission income in the return), income of Rs. 6,66,144/- (Rs. 25,38,144/-Rs.18,72,000/-) was added as....