2025 (12) TMI 401

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.... Sandeep Lakra, DR ORDER PER RAJESH KUMAR, AM: This an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi [the learned CIT (A)](hereinafter referred to as the "Ld. CIT(A)"] dated 30.04.2024 for the AY 2012-13. 02. The only issue raised by the assessee is against the confirmation of addition of Rs.1,58,00,000/- as made by the ld. AO u/s 68 o....

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....y, the ld. AO treated the share capital/ share premium of Rs.1,58,00,000/- as unexplained cash credit in the hands of the assessee and added the same to the income of the assessee without conducting any further enquiry and without pointing out any defect in the evidences furnished by the assessee. 04. In the appellate proceedings, the ld. CIT (A) affirmed the order of the ld. AO by giving confl....

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....AO did not point out any defect or deficiency in the documents, whereas the ld. CIT (A) recorded a conflicting finding as to the documentary evidences furnished by the assessee. After examining the assessment order and appellate order and also the evidences filed before us, we observe that the assessee has discharged onus by filing the documents before the ld. AO and AO has not pointed out any dis....

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....v) ITO Vs. M/s. Cygnus Developers India Pvt. Ltd.(ITA No. 282/Kol/2012) and (v) Joy Consolidated Pvt. Ltd. Vs. ITO (ITA No. 547/Kol/2020. 06. In the instant case before us also, the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions but AO has not commented on these evidences filed by the assessee. Under these fact....