2025 (9) TMI 1395

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.... Gaharwar, CIT DR ORDER PER YOGESH KUMAR, U.S. JM: The present appeal is filed by the Assessee against the order of Ld. Commissioner of Income Tax (Appeals/ National Faceless Appeal Centre ('Ld. CIT(A)/NFAC' for short), New Delhi dated 31/01/2023 for the Assessment Year 2012-13. 2. Brief facts of the case are that, an assessment order came to be passed u/s 143(3)/147 of the Income Tax ....

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.... assessment proceedings, the A.O. issued notice to the Assessee to explain the nature and source of sums credited to its books of account by various Companies. Since the Assessee failed to explain the nature and source of sums credited to its books of account aggregating to Rs. 3,03,00,000/-, the same has been treated as unexplained as per Section 68 of the Act and added to the income of the Asses....