2025 (12) TMI 1168

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.... Respondent: Ms. Ankush Kalra, Sr. DR ORDER PER ANUBHAV SHARMA, JM: This appeal is preferred by the Revenue against the order dated 30.12.2024 of the Ld. National Faceless Appeal Centre (NFAC) (hereinafter referred as Ld. First Appellate Authority or in short Ld. 'FAA') in DIN & Order No: ITBA/NFAC/S/250/2024-25/1071682810(1) arising out of the order dated 29.12.2019 passed u/s 143(3) of ....

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.... gifts from the relatives at the time of engagement and thus, considering it to be sufficient explanation the ld. CIT(A) has deleted the additions by following findings in para 6.1.1 for which revenue is in appeal. "6.1.1 Ground number 1 & 10 - All these grounds are adjudicated in consolidated manner. The AO has made addition of Rs. 87,34,340/- u/s 69A of the Income tax Act on account of ....

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....2013-14 to AY 2017-18, showing income from sale of paintings. The appellant has filed the details of cash received from various persons in the roka ceremony of his son. The appellant has filed the details of cash on hand of various assessment years. The appellant has filed the bank statements of various years and has tried to co-relate it with the cash sales of paintings. The appellant has relied ....

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....to consideration the contentions and perusal of the material on record, we find that the findings of Ld. CIT(A) are based on evidences and factual aspects and nothing substantial has been countered by Ld. DR except for doubting the explanation on case of probability. However, fact like gold jewellery held by mother of the assessee which was ancestral jewellery and the engagement ceremony of the so....