2026 (5) TMI 824

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....IT-D.R. ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER: This is an appeal filed against the order dated 28-03- 2024 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2017-18. 2. The grounds of appeal are as under:- "1. On the facts and circumstances of the case and in law the Ld. CIT(A) has erred in deleting addition of Rs. 3,57,34,500/- by accepting the ....

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....tting the evidence/documents produced before him without admitting the evidence/documents produced before him without granting opportunity to the Assessing Officer for rebuttal as provided in rule 46A(3) of the Income tax Rules, 1962. 4. On the facts and in the circumstances of the case and in law, the learned CIT(A) ought to have upheld the order of the AO 5. It is, therefore, p....

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....34,500/- u/s. 68 of the Act as unexplained cash sales/deposits. 4. The assessee filed appeal before the CIT(A). The CIT(A) partly allowed the appeal of the assessee. 5. The ld. A.R. at the time of hearing has given the details of cash sales as VAT tax and credit sales with VAT tax for assessment years 2015-16, 2016-17 and 2017-18. The ld. A.R. submitted that the assessee is supplying the med....

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.... 4,09,98,870 2016-17 15,69,58,794 98,72,939 1,16,41,716 1,31,84,539 8.40% 37,78,604 2.41% 4,92,39,506 2017-18 16,12,19,242 80,27,472 1,06,54,380 1,37,68,13 8.54% 43,65,778 2.71% 3,57,34,500 6. The ld. D.R. submitted that the CIT(A) erred in deleting the addition by accepting the explanation given by the assessee with regard to the source of cash deposi....