2026 (5) TMI 450

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....ar, Sr. D.R. ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER:- This is an appeal filed against the order dated 21-02-2025 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2018-19. 2. There is a delay of 51 days in filing the present appeal for which the assessee has filed the affidavit stating the reasons therein. The reasons appear to be genuine, hence the delay ....

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.... expenditure to that extent. The Assessing Officer also made addition of Rs. 9,60,162 which is remaining amount aggregating to Rs. 9,60,162/- used by the assessee, for purchase from M./s Mirza Traders as unexplained money u/s 69A of the Act. 4. We have heard both the parties and perused all the relevant material available on record. As regards Ground No. 1 the same is merely academic hence not ....

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....d expenditure does not sustain. As regards addition on account of unexplained money u/s. 69A of the Act amounting to Rs. 9,60,162/- being money used to purchase scrap in cash, The assessee has given certain details thereof which was before the authorities. The ld. A.R. relied upon the decision of Hon'ble Gujarat High Court in the case of Pushkar Raj J Kabra vs. ITO order dated 02-04-2024 wherein t....