2026 (3) TMI 1214

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....Y 2015-16, arises out of the order of the ADD/JCIT(A), Gurugram [hereinafter referred to as 'ld. JCIT(A)', in short] dated 28.01.2025 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 29.12.2017 by the Assessing Officer, ITO, Ward-1(1)(3), Agra (hereinafter referred to as 'ld. AO'). 2. The only effective issue to be decide....

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.... The assessee filed his return of income for assessment year 2020-21 on 28-03-21 declaring total income of Rs. 17,27,540/-. During the course of scrutiny assessment proceedings, the assessee was asked to explain the source of the seized cash of Rs. 10 lakhs. The assessee submitted that he is engaged in the business of purchase and sale of plots and the trading of milk and had offered business inco....