2026 (4) TMI 86

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.... PER M. BALAGANESH, AM 1. The appeal in ITA No.5095/Del/2025 for AY 2013-14, arises out of the order of the ld National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'ld. CIT(A)', in short] dated 27.01.2025 against the order of assessment passed u/s 143(3) r.w.s. 147 of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 28.12.2018 by the Assessing Officer, ....

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....dvance in cash of Rs. 1.18 crores against the proposed sale of part of ancestral agricultural land. The sale deed was finally registered on 11.03.2013 for Rs. 1.18 crores. The copy of the sale deed together with the complete revenue records are enclosed in pages 21 to 39 of the paper book filed before us. It is pertinent to note that the registered sale deed duly captures the payment of advance of....

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.... of adjudication, we are not going into the said aspect. The statement on oath taken from the assessee clearly shows both cheque receipts as well as cash receipts on sale of ancestral agricultural land. The assessee had deposited Rs. 1,22,50,000/- in his bank account till 12.03.2013 in his bank account. The assessee has withdrawn cash from till 12.03.2013 in the sum of Rs. 61,50,000/-, which was a....