2025 (11) TMI 1583

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....trary to law, facts and circumstances of the case 2. The Appellant Commissioner ought to have allowed the contribution towards Provident Fund. 3. The Appellant Commissioner ought not to have confirmed the addition of unsecured loans of Rs. 15,00,000/- as Unexplained Money u/s 69A of the Income Tax Act 1961. 4. The Appellant Commissioner ought not to have confirmed the disallowance of donation of Rs. 16,500/-. 5. The Appellant Commissioner erred in not providing a reasonable opportunity of being heard to the assessee. 6. Any other grounds which the Assessee may urge either before or at the time of the hearing. 3. Ground No.1 is general in nature and does not require any specific adjudication. ....

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.... in the balance sheet, the assessee has pressed only Rs. 5 lakhs as a loan raised by the assessee from 50 employees by collecting Rs. 10,000/- each as a security deposit. In support of this claim, the assessee also furnished the names and addresses of these 50 persons from whom Rs. 10,000/- each was received as security deposit and therefore, the addition sustained by the learned CIT (A) of total amounting to Rs. 15 lakhs is highly arbitrary and unjustified. 8. On the other hand, the learned DR has submitted that the assessee has not discharged its onus of proving the identity, credibility of the creditors as well as genuineness of the transactions. She has relied upon the impugned order of the learned CIT (A). 9. We have considered t....

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....departments released the salaries 7. Accordingly I have raised a loan/advance of Rs. 5 lakhs from about 50 employees for collecting Rs. 15,000/- each as security deposit. In this regard I have the names and addresses of all such persons from whom such advance is received. Accordingly on my request all such 50 officials have given an undertaking/certificate for having paid the security deposit to me during the financial year 2017-18 at Rs. 10,000/- each which is not paid back to them till the end of the relevant financial year. I am willing to furnish their confirmations before the Hon'ble CIT(A). Since they are 50 in numbers, accordingly, the same will require sometime. In the confirmation, the PAN Nos. and mobile numbers of su....