2025 (11) TMI 1838

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....d by the assessee against the order dated 08.04.2025 of the Commissioner of Income Tax (Appeals) NFAC, Delhi [in short 'the CIT (Appeals)] pertaining to 2017-18 assessment year. 2. The assessee in this appeal is aggrieved by the action of the CIT (Appeals) in confirming the addition of Rs. 20,86,585/- made by the Assessing Officer (in short 'the AO') on account of cash credits into ....

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....er, could not point out any defect or discrepancy in the audited accounts submitted by the assessee and other evidences relating to the business of the assessee and sales made by the assessee during the year. He, however, was of the view that entire deposit out of cash sales was not justified and that the assessee might have introduced some of his unaccounted income into the garb of cash sales. He....

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....er, 2016 Rs. 20.78 lacs in the month of October 2016 and Rs. 3.69 lacs from 01.11.2016 to 08.11.2016. Out of the said cash sales, the assessee had deposited Rs. 18.90 lacs in the month of November and further an amount of Rs. 24.82 lacs in the month of December, 2016. The AO has not disputed the cash sales made in the month of July, 2016, Aug.,2016, September, 2016 and even October 2016 to some ex....