2026 (4) TMI 456

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....horities below. The assessee is an individual filed return of income on 28.07.2023 declaring income of Rs. 7,31,740/-. The assessment was completed u/s.143(3) r.w. 144B of the Act. In the course of assessment proceedings the AO issued a show cause notice proposing to treat credit card payments of Rs. 11,32,000/- as unexplained expenditure u/s.69C r.w.s. 115BBE of the Act. In response to show cause notice the assessee stated that he has made payment of Rs. 11,32,102/- in his credit card from Axis Bank and enclosed details of payments made by the assessee in his credit card through bank account and cash payments. The assessee furnished only partial details and submitted that the remaining details will be furnished as soon as the assessee come....

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...., the appellant has relied upon many judicial decisions and the same is perused. The facts of the appellant's case are different form the facts of the judicial decisions which are relied upon and those judicial decisions are not applicable in the case of the appellant. In view of the above-mentioned facts and discussions, the appellant could not establish the source for the credit card payment of Rs. 11,32,102/-, therefore, the undersigned could not find any reason to interfere with the addition made in the assessment order. The AO is directed to charge interest u/s 234A, 234B and 234C as per the provisions of the Act. The appellant has raised the objection on the addition of Rs. 11,32,102/- through ground no.1, therefore, ground no. 1 ....

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....02.2026. ============= Document 1 EXPENSE TABLE S.NO. Name and Relation Amount Tenure/Year Nature of Expenditure Referral Page No. in the paper book 1. Girish Bhiku Parab 87.000 28,075.71 42474.10 1,212 15,000 FY 2022-2023 March 28, 2022 (7707) Duty Free Shop, Westin Resort, at Beer and Wine 15 August 8, 2022 (7903) August 16, 2022 (7903) Shops, etc. 23 July 02, 2022 (Sharing payment) (7903) 25 Document 2 2. Japji Singh 1.88.941 119,764.17 69,176.62 FY 2022-2023 April 16, 2022 (7707) May 02, 2022 (7707) AirBnb India 14 3. Jitin 1,00,000 FY 2022-2023 January 9, 2023 (7707) C.K.Birla Hospital Gurugram 8 4. Santosh Kumar Yadav 86.396 7375.29 258.14 46.47 706.71 24.74 FY 2022-2023 Facebook, Twitter, etc 7 8 15 ....