2025 (12) TMI 1687

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....ORDER PER RAJESH KUMAR, AM : This is an appeal filed by the revenue against the order dated 26.03.2025, passed by the ld. CIT(A), National Faceless Appeal Centre (NFAC), Delhi, for the assessment year 2018-2019. 2. The only issue raised by the revenue in its appeal is against the order of the ld. CIT(A) in deleting the addition of Rs. 2,37,75,000/- as made by the AO on account of unexplai....

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....in the assessment framed u/s.147 r.w.s.144/144B of the Act dated 16.03.2024. 4. In the appellate proceedings, the ld.CIT(A) allowed the appeal of the assessee by deleting the addition so made by the AO by observing that the AO has not done proper enquiry during the course of assessment proceedings to rebut the claim of the assessee, regarding sale of shares held by them since 2014-2015 and also....

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....f the creditor in the assessee's books of account have also been filed before the AO and, therefore, the ld. CIT(A) deleted the addition by holding that the addition made u/s.69A of the Act is not sustainable. 5. After hearing the rival submissions of the parties and perusing the material available on record, we find that in this case the assessee has sold the investment during the year for a c....