2025 (9) TMI 494

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....MAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 20.08.2024 for the AY 2017-18. 02. The only issue raised by the assessee in various grounds of appeal is against the confirmation of addition of Rs. 51,45,000/- by the ld. CIT (A) as made by the ld. AO u/s 69A of the Act on a....

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....f Rs. 2,01,03,300/- from 823 persons, which were part of the cash in hand as on 01.04.2016 and out of which the assessee deposited Rs. 50.00 lacs on 22.05.2016 and 1,45,000/- on 31st March, 2017, whereas the evidences were given only in respect of Rs. 3,39,000/-. Accordingly, the ld. AO concluded that assessee has not filed any evidences to substantiate the cash deposited of Rs. 51,45,000/- in the....

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....nce and its sources itself is to be treated as unexplained. The Income Tax Returns filed by the appellant for the AY 2016-17 and AY 2017-18 are perused in the course of appellate proceedings. It is noticed from the ITR filed by the appellant that no details regarding purported gifts were furnished in the return of income filed by the appellant for the AY 2016-17 and the appellant has also not furn....

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....s fact of the assessee having been married on 29.02.2016 and cash received of Rs. 2,01,03,300/-. However, the AO only doubted that the assessee has not furnished any evidences to substantiate the cash deposited into the bank of Rs. 51,45,000/- and accordingly added the same to the income of the assessee though the assessee furnished some evidences in respect of few doners. The ld. CIT (A) simply d....