2026 (3) TMI 1103

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.... Chakraborthy, Sr. DR ORDER PER PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 09.09.2025 of the National Faceless Appeal Centre (hereinafter referred to as the "CIT(A)") passed u/s 250 of the Income-tax Act, 1961 (hereinafter referred to as "the Act") for the assessment year 2013-14. 2. Facts in brief are that the assessee ....

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....y submitting legal ground that the reopening is bad in law but in the course of hearing, he has not pressed the legal ground rather pressed the ground on merit of the case. On merits, the submission of the ld. AR is that the Assessing Officer as well as the ld. CIT(A) was wrong in making the addition of Rs. 90,00,000/- as unexplained cash credit u/s 68 of the Act ignoring the fact that the assesse....

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.... 9) Loan Agreement with NAVRAG 10) Loan confirmation with NAVRANG VINIMOY and ledger 11) Loan confirmation with JATADHARI 12) ACK Reply 133(6) JATADHARI 13) ACK REPLY 133(6) NAVRANG 14) ITR of NAVRANG 15) Audited balance sheet of NAVRAG 16) ITR of JATADHARI 17) Audited balance sheet of JATADHARI 5. The ld. AR further s....

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....pon hearing the submissions of the counsels of the respective parties and on perusal of the materials available on record, we find that the assessee company has given advance to two companies Jatadhari Sales Pvt Ltd and Navrang Vinimay Pvt. Ltd. out of own fund in previous assessment year 2012-13. It is pertinent to note that by filing loan confirmation of Jatadhari Sales Pvt Ltd and Navrang Vinim....