2025 (2) TMI 1458

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....man, FCA For the Respondent : Shri R. Bhoopathi, Addl. CIT. ORDER PER MANU KUMAR GIRI (Judicial Member) The captioned appeal filed by the assessee is directed against the order of the Ld. Commissioner of Income Tax (Appeals)(NFAC) Delhi [CIT(A)] dated 26.06.2024 for Assessment Year 2017-18. 2. Brief facts are as under: The assessee being individual filed return of income for the ....

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....e in the current Account No.2394201050747/- and the said account was operated by the assessee. The cash deposited was accounted for in the books of KSM Poultry, a Poultry Farm Business run by assessee's father Mr. K Karuppanan. The ld. counsel further argued that the transactions in the Current Account No 2394201050747 pertained to the poultry business of his father and the cash deposits made in t....

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....e has submitted to the Assessing Officer copies of the returns of income of his father for AYs 2015-16, 2016-17 & 2017-18 wherein the said bank account were disclosed. Ld. Authorized Representative further stated that the above Current Account was in the name of KSM Poultry Farm of which assessee's father was the proprietor. The appellant has also submitted copy of his father's income tax retu....

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....count in his Income Tax Return for AYs 2015-16, 2016-17 & 2017-18 even prior to the demonetization. It is also not disputed by the AO that the assessee's father is not doing poultry business in the name of KSM Poultry Farm. It is undisputed fact that the assessee had received salary of Rs. 1,80,000/- from his father for the work performed. We also note that even from this Current Account No.239420....