2026 (4) TMI 726

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Department : Ms. Harpreet Kaur Hansra, Sr. DR ORDER PER VIMAL KUMAR, JM: The appeal filed by the Revenue is against order dated 19.02.2020 of Learned Commissioner of Income Tax (Appeals)-35, Delhi [hereinafter referred to as 'the Ld. CIT(A)'] passed u/s 250 of the Income Tax Act, 1961, [hereinafter referred to as 'the Act'] arising out of assessment order dated 29.12.2016 of Ld. Assess....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he office of ADIT and submitted copy of his capital account in M/S I.P. Estate for the year under consideration. On the basis of information, a proposal with the above reasons to believe was put up before the competent authority to get necessary sanction u/s 151 of the Act for issue of notice u/s 148 of the Act. Sanction u/s 151 of the Act from the competent authority was received vide letter F.No....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....essee filed appeal before Ld. CIT(A) which was allowed vide order dated 19.02.2020. 4. Being aggrieved, the Department of Revenue preferred present appeal on following grounds of appeal: "1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in deleting the addition of Rs. 1,97,83,000/- made on account of unexplained cash credit u/s 68 of the I.T. Act, without ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ogus Since the cash transactions made by the assessee proved bogus there is no question that the AO had made addition which were not recorded in the reasons recorded by the AO." 5. Ld. Departmental Representative submitted that Ld. CIT(A) erred in deleting additions of Rs. 1,97,831/- made on account of unexplained cash credit u/s 68 of the Act, despite of the fact that assessee had introduced c....