2025 (2) TMI 1621

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....dent : Smt. Leena Lal, Sr. D.R. ORDER This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 21.09.2022 for Assessment Year (AY) 2017-18. 2. Brief facts of the case are that the appellant is an individual. The return of income for AY 2017-18 was filed on 09.02.2018 declaring income of Rs. 3,84,240/-. Against the ....

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.... TOTAL Rs. 17,92,000/- When the appellant was called upon to explain the source for cash deposit it was submitted that the appellant and his wife are government employees drawing monthly pension of Rs. 35,000/- to 40,000/-. They were in the habit of keeping the pension amount as liquid cash for the sake of convenience. Their cash so accumulated was Rs. 17,92,000/-. The AO disbelieved the exp....

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.... other hand, the learned Sr. DR submits the order of the CIT(A) is a speaking order and after discussing the facts of the case partly allowed the appeal and no interference in the impugned order is called for. 7. I heard the rival contentions of both the parties and perused the material available on record. The solitary issue in the present appeal is whether the CIT(A) is justified in confirmin....