2025 (2) TMI 1725

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....e Respondent : Ms. Harpreet Kaur Hansra, Sr. DR ORDER PER VIKAS AWASTHY, JM: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-27, New Delhi (hereinafter referred to as 'the CIT(A)') dated 20.07.2023, for assessment year 2014-15. 2. The appeal is time barred by 46 days. The assessee has filed an application seeking condonation of ....

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....- 2 Addition on account of unexplained cash 16,66,730/- 3 Addition on account of unexplained investment towards purchase of property 1,00,00,000/-   Total 1,25,72,370/- 4. The AO has levied u/s. 271AAB(1A) of the Act in respect of above additions. The assessee challenged additions on merits before the Tribunal in ITA No. 02/Del/2020. The Tribunal vide order dated....

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....e assessee and unexplained investment towards purchase of property and has restored the issue in respect of addition on account unexplained cash. 6. Both sides heard, orders of the authorities below examined. The AO has levied penalty u/s. 271AAB(1A) of the Act in respect of the additions made in assessment proceedings. We find that the coordinate Bench in assessee's appeal in quantum proceedin....