2025 (2) TMI 1911

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....RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the Commissioner of Income-tax (Appeals), Central NER, Guwahati (hereinafter referred to as the "Ld. CIT(A)"] dated 08.12.2023 for the AY 2021-22. 02. The only issue raised by the assessee is against the order of ld. CIT(A) confirming the addition of Rs. 7,28,363/- as made by the ld. AO u/s 68 of the Act. 0....

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....essee as to why the difference of Rs. 24,70,852/- should not be treated as unexplained credit. The assessee replied to the said show cause notice. The assessee furnished the reconciliation statement of the credit receipts. According to the ld. AO, the assessee did not provide any explanation as regards credits of Rs. 7,28,363/- appearing in the bank account number '400110110002709' with Bank of In....

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....10002709' with Bank of India, was on account of other incomes received by the assessee as accounting income or interest income, journal entries or on account of reimbursement. We have examined the details furnished by the assessee at annexure 1, wherein the breakup of various items of credits which were given by the assessee. For the sake of ready reference, the same is extracted below:- Anand ....