2025 (9) TMI 563

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....e For The Respondent : Shri Sanjay Kumar, Sr. DR ORDER PER VIKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (hereinafter referred to as 'the CIT(A)') dated 21.09.2023, for assessment year 2012-13. 2. Shri Deepak Ostwal, appearing on behalf of the assessee submits at th....

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.... copy of assessment order dated 06.12.2018 for AY 2016-17 to substantiate his arguments. In impugned assessment year the Assessing Officer (AO) without considering submissions of the assessee and examining facts, made addition of cash deposits Rs. 40,61,400/- treating it as unexplained money u/s. 68 of the Act. The CIT(A) without affording reasonable opportunity of making submissions to the assess....

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....f the same shows that cash deposits are evenly spread out throughout the year. The explanation furnished by the assessee for cash deposits during the period appears to be bonafide, hence, accepted. The assessee has also furnished fee structure for Academic Year 2011-12 along with breakup of tuition fee received during the relevant period. Considering documents on record and submissions of the asse....