2026 (1) TMI 819

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.... Sh. S. K. Matta, CA For the Revenue : Sh. S. K. Chatterjee, CIT, DR ORDER PER YOGESH KUMAR, U.S. JM: The present appeal is filed by the Assessee against the order of the Commissioner of Income Tax (Appeals)-3, Noida ['Ld. CIT(A)' for short] dated 04/06/2025 pertaining to Assessment Year 2023-24. 2. Brief facts of the case are that, the Assessee filed return of income declaring tota....

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.... Assessee preferred an Appeal before the Ld. CIT(A). The Ld. CIT(A) vide order dated 04/06/2025, deleted the disallowance of Rs. 19.5 lakhs and confirmed the addition of Rs. 57,97,400/- out of the addition of Rs. 1,40,00,000/- made by the A.O. u/s 69 of the Act. Aggrieved by the order of the Ld. CIT(A) in confirming the partial addition, Assessee preferred the present Appeal. 3. The Ld. Counsel....

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....earl Hides was made. Thus, submitted that the addition sustained by the Ld. CIT(A) requires to be deleted, thus, sought for allowing the appeal. 4. Per contra, the Ld. Department's Representative submitted that the seized document has been found to be genuine in view of various entries being corroborated with bank account transaction and the Ld. CIT(A) has already deleted partial addition a....

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....ssee Sh. Manoj Gupta have been placed before the A.O. Admittedly, the circle rate of the Flat in the year under consideration was Rs. 78,12,000/- and Rs. 63,87,000/- respectively and the sale deeds have been executed more than the circle value. There is no any agreement or other corroborative evidence to suggest that the Assessee has paid alleged 'on money' for purchase of the Flat. Further, the D....