2025 (11) TMI 1484

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....his appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)] dated 07.09.2023 for Assessment Year (AY) 2010-11. 2. Brief facts of the case are that the assessee is an individual dealing with liquor business, filed his Return of Income for A.Y. 2010-11 on 08.07.2010 declaring income of Rs. 2,00,528/-. Against the said Return of Income, the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r dated 29.07.2013 determined assessed income of the assessee at Rs. 36,82,842/-. While doing so, the Assessing Officer made addition of Rs. 31,55,000/- by holding that the assessee had given cash of Rs. 31,55,000/- to Mr. S.K. Ramthulla outside the books of account. 3. Being aggrieved by the said assessment order, the assessee filed an appeal before the Ld. CIT(A), who vide impugned order dism....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ITR 229 (All) v) CIT Vs. GK Contractor 19 DTR 305 (Raj) and vi) ACIT Vs. S. Moorthy in ITA No. 3091/Chny/2019 (ITAT, Chennai). 5. The Ld. DR, on the other hand, vehemently opposed the contention of learned counsel for the assessee. He further submitted that the Assessing Officer can still make addition to the estimated income and supported the orders of authorities below. 6....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... appeal is admitted for adjudication on merits. 6.1 The only issue that arises for my consideration is that, as the Assessing Officer rejected the books of accounts, whether the Assessing Officer is entitled to make other additions or not u/s. 68 of the Act. In the impugned assessment order, the Assessing Officer rejected the book results. In original assessment no other addition was made. In t....