2025 (9) TMI 298

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.... PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2022-23 is directed against the order dated 11.12.2024 of National Faceless Appeal Centre (NFAC) Delhi passed u/s. 250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') arising out of Assessment Order dated 18.03.2024 passed u/s. 143(3) r.w.s144B of the Act. 2. When....

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....ncluded the proceedings making addition of Rs. 44.00lakh in the hands of assessee towards unexplained investment, 5. Aggrieved assessee preferred appeal before ld.CIT(A) but failed to succeed. Now the assessee is in appeal before this Tribunal. 6. We have heard ld. DR and perused the record placed before us. Addition for unexplained investment of Rs. 44.00 lakh has been raised before us by t....

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....Rs. 5,37,871/-. Ld. AO has raised suspicion about the source of investment on which such interest income has been received. We fail to find any justification in the action of the AO as well as the finding of ld.CIT(A) because the assessee has been showing the salary income on year to year basis. Accumulated amount of salary income available with M/s.Sudhir Agencies is also giving interest income o....