2025 (10) TMI 762

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....Advocate For the Respondent : Shri Abhijit, Sr. DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- These two appeals have been filed by the Assessee against the order dated 14.05.2025 passed by the Ld. Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre, Delhi ("Ld. CIT(A)" for short), under Section 250 of the Income-tax Act, 1961 ("the Act" for short), relating to the A....

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..../s. 68 of the Act on account of unaccounted income as the assessee failed to explain the genuineness of the transaction. 4. Aggrieved by the order of the Assessing Officer, the assessee preferred an appeal before the Ld. CIT(A). The Ld. CIT(A), after considering the submissions of the assessee and relying on various decisions of the various courts/tribunal, dismissed the appeal filed by the ass....

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....on interest on loan -1,12,500 Amount adopted by department 10,12,500     AY 2015-16 Refer: Confirmation ledger at P/B Pg. 78 Particulars Amount (Rs.) Interest paid on loan 10,20,205 Add: Repayment of loan 1,44,30,684 Less: TDS paid on interest on loan -1,02,021 Amount adopted by department 1,53,48,868 7. The assessee has diligently pr....