2026 (1) TMI 455

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....Yadav, Adv. For the Respondent : Sh. Om Prakash, Sr. DR ORDER PER ANUBHAV SHARMA, JM: This appeal is preferred by the assessee against the order dated 24.03.2025 of the National Faceless Appeal Centre (NFAC) Delhi (hereinafter referred as Ld. First Appellate Authority or in short Ld. 'FAA') in DIN & Order No. ITBA/NFAC/S/250/2024-25/1074954965(1) arising out of the appeal before it aga....

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.... the assessee was accepted as out of cash in hand as on 08-11-2016 for Rs. 26,89,143/- and the balance amount of Rs. 71,43,857/- was treated as unexplained cash credit as per provisions of section 68 of the Act. Subject to the above, the AO completed the assessment vide an order u/s. 143(3) dated 29.12.2019, making an addition of Rs. 71,43,857/- as unexplained cash credit u/s.68 of the Act, to the....