2025 (1) TMI 1703

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....r, Ars. For the Revenue : Shri Chandan Das, DR. ORDER PER RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 21.03.2024 for the AY 2017-18. 02. The ground no.1 and 2 are general in nature and need no specific adjudication. 03. The issue raised in ground n....

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....respond to the said notice. Thereafter, the ld. AO on the basis of data and information gathered during online verification under operation 'clean money' found that assessee has deposited huge cash money during the demonetization period but has not filed any return of income. According to the ld. AO the assessee has deposited cash aggregating to Rs.87,79,500/- in three bank accounts as detaile....

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.... deleted by the ld. CIT (A). The Revenue is not in appeal before us against the order of ld. CIT(A)deleting the additions and only the assessee is in appeal challenging the enhancement of income by Rs.48,70,648/-. On perusal of the Profit and Loss account filed before us a copy of which is also available before the ld. CIT (A), we note that during the instant financial year, the assessee incurred ....