2026 (5) TMI 1270

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....JESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT (A)"] dated 06.10.2025 for the AY 2017-18. 2. The issue raised in ground no.1 is against the confirmation of addition of Rs.15,62,000/- as made by the Ld. AO on notional basis by adding 1% of the total investment as appearing in ....

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.... also passed the order upholding the order of the Ld. AO which is not as per law and cannot be sustained. Consequently, we set aside the order of the Ld. CIT (A) and direct the Ld. AO to delete the addition. The ground no 1 is allowed. 3. The second issue raised by the assessee is against the order of the Ld. CIT (A) upholding the addition of Rs.1,56,77,894/-as made by the Ld. AO on notional ba....

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....t and submission filed before the Ld. AO, copies of which are available from page no.25 to 33 of the Paper Book. We also observe from the submission dated 30.08.2023, 12.09.2023, 21.10.2024, 30.12.2024 and 16.09.2025 filed before the Ld. CIT (A) which are available at page no. 36 to 40 that assessee explained issues. The assessee filed all the evidences before the authorities below by despite that....