2025 (11) TMI 926

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ondent : Shri Rohit Aasudani, Sr. DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal is filed by the Assessee against the appellate order dated 17.07.2025 passed by the Commissioner of Income Tax (Appeals)National Faceless Appeal Centre, Delhi, relating to the Assessment Year 2017-18. 2. The assessee has raised the following grounds of appeal: 1. The learned CIT(A) ha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ements showing that on 18.07.2016, withdrawals were made of Rs. 5,00,000/- Rs. 7,00,000/-, and Rs. 3,00,000/-, which were subsequently redeposited in the respective bank accounts on 16.11.2016, 14.11.2016, and 25.11.2016. The Ld. Counsel for the assessee further explained that these withdrawals were made for the purpose of construction of a house. However, as the construction activity did not mate....