2026 (3) TMI 467

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....t Pratap Singh, Sr. D.R. ORDER Per Suchitra Kamble, Judicial Member: This is an appeal filed against the order dated 19-08-2025 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2014-15. 2. The grounds of appeal are as under:- "1. That on facts and in law, the learned NFAC has grievously erred in confirming the re-opening of assessment u/s. 147 of the....

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....C has grievously erred in confirming the taxing of the said amount u/s. 115BBE of the Act. 5. That on facts, and in law, the learned NFAC has grievously erred in confirming the charging of interest u/s. 234A, 234B and 234C of the Act. 6. The appellant craves leave to add, alter, amend any ground of appeal." 3. The assessee filed return of income on 24-06-2015 declaring total i....

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....d that the assessee failed to provide documentary evidence to substantiate genuineness of loan of Rs. 28 lacs taken from MA Financial Services Pvt. Ltd. and loan of Rs. 72 lacs from DSR Impex Pvt. Ltd. Thus, the Assessing Officer made addition of Rs. 1,00,00,252/- 4. Being aggrieved by the assessment order, the assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the asse....

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.... "DSR IMPEX PVT. LTD. -Received Rs. 30,00,000/- on 13/03/2014 -Received Rs. 10,00,000/- on 13/03/2014 -Received Rs. 32,00,000/- on 13/03/2014 -Assessee's bank statement Page 53 of PB -Ledger account Page 57 of PB -Contra ledger account Page 73 of PB -Repaid with interest @ 9% -Repayment PB. Assessee's bank statem....