2025 (11) TMI 735

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Chetan Agarwal, AR For the Respondent : Shri Rajenkumar M Vasavda, Sr. DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal has been filed by the Assessee against the order dated 18.03.2025 passed by the ADDL/JCIT(A)-1, Mumbai ('Ld. CIT(A)' in short), under Section 250 of the Income-tax Act, 1961 ('the Act' in short), relating to the Assessment Year 2012-13. 2. The assessee ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rmation received from the ADIT (Investigation), Unit-5, Kolkata, which indicated substantial cash deposits in the bank account of M/s. Shree Ambika Services (Proprietor: Shri Om Prakash Bihani), and the subsequent transfer of funds to various entities through cheques. Upon examining several bank accounts of proprietorship concerns operated by Shri Bihani, the Assessing Officer noted that the asses....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... specific response was provided by the Assessing Officer and the objections raised by the assessee were disposed of on 16.08.2019, and the reassessment order was passed on 04.09.2019, adding Rs. 15,04,362/- to the returned income under Section 68 of the Act. 4. Aggrieved by the addition made by the Assessing Officer, the assessee filed appeal before the Ld. CIT(A). The Ld. CIT(A) confirmed the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Act. 7. The Ld. DR, on the other hand, supported the orders of the authorities below. 8. We have heard the rival contentions and perused the material available on record. The primary basis for addition in this case is the receipt of Rs. 15,04,362/- in the assessee's bank account via cheques allegedly linked to a network operated by Shri Om Prakash Bihani. The assessee has consistently maint....