2026 (3) TMI 537

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....spondent : Shri Kamlesh Makwana, CIT- DR ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This appeal is filed by the Assessee as against the final assessment order dated 19-12-2024 passed under section 143[3] rws 144C[13] of the Income Tax Act, 1961 [hereinafter referred as 'the Act'] by the Assistant Commissioner of Income Tax relating to the Assessment Year 2016-17. 2. Brief facts ....

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....sing Officer issued draft assessment order dated 26-03-2024 u/s. 144C of the Act proposing assess the total income of Rs. 57,24,172/-. The assessee filed objections before DRP, Ld. DRP called for Remand Report from the assessing officer and deleted an amount of Rs. 51,90,500/- was explained properly with documentary evidences for the investments made by the assessee and remaining amount of Rs. 1,0....

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....lier withdrawals. The DRP has confirmed addition in relation to the same merely on conjectures, surmises and suspicions. 3. The DRP has erred in not appreciating the fact that the payment of stamp duty - Rs. 4,00,000/- and registration fees Rs. 32,280/-, thus aggregating to Rs. 4,32,280/- was made by the builder and not paid by the appellant separately. The DRP has erred in not appreciati....

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....al from assessee's NRE account aggregating to Rs. 1,08,000/- during 05-03-2009 to 25-03- 2009 and relevant NRE bank account placed on record. Considering the same, the assessee's visit to India, the addition of Rs. 1,00,000/- made is hereby directed to be deleted. 5. Regarding the Stamp duty paid to Rs. 4,00,000/- and registration charges of Rs. 32,280/- which were found part of the payments ma....