2025 (12) TMI 742

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....R PER PARTHA SARATHI CHAUDHURY, JM The captioned appeal preferred by the assessee emanates from the order of the Ld.CIT(A)/NFAC, Delhi dated 23.09.2025 for the assessment year 2016-17 as per the following grounds of appeal: "1. On the fact and circumstances of the case, the Id. A.O. Ward Kawardha, has grossly erred in disallowing part of the closing cash in hand amounting to 27,00,0....

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.... and supporting documents, and no adverse material was brought on record by the Assessing Officer to rebut the same. 4. That, assessee reserves the right to add, amend, alter or withdraw any ground/grounds of appeal at the time of hearing." 2. That when the matter was called out for hearing, none appeared for the assessee, however, an adjournment petition had been filed, which is not a....

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.... marriage he has kept that amount with him. Further, the assessee explained that sundry debtors was with regard to one local farmer Shri Moradwaj Verma, who had purchased Bamboo from him and an amount of Rs. 2,25,400/- was outstanding against his name. The AO, not being satisfied further deputed an Inspector of the Department for physical verification of the contention made by the assessee. It is ....

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....e the assessee is a farmer having three acres of land on which he is cultivating certain vegetables and other crops. He is also having various farm equipment necessary for cultivation. These facts are also akin to the report furnished by the Inspector of the Department to the AO. Regarding addition of cash in hand, the assessee, therefore, has explained of having such amount through savings from e....