2026 (5) TMI 1764

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.... : S. RIFAUR RAHMAN, ACCOUNTANT MEMBER: The assessee has filed this appeal against the order of the learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 29.11.2025 for the Assessment Year 2018-2019, wherein the assessee has raised following grounds:- "1. That the Ld. CIT(A) failed to appreciate that once the order of the Assessing Officer st....

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....ment order and brought to our notice subsequent developments for the assessment year 2018-19 as under:- Date Particulars of event 21.04.2021 Order u/s 143(3) passed treating the difference in cash deposit as undisclosed business turnover and estimating a net profit at the rate of 0.89% & disallowing certain business expenses 20.04.2023 Appeal filed with CIT(A) along with an appli....

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....filed by the assessee may be allowed. 4. On the other hand, Ld. DR objected to the above submissions of the assessee and relied on the findings of the Ld. PCIT and Ld. CIT(Appeals). 5. Considered the rival submissions and the material placed on record. We observed that original assessment order u/s 143(3) of the Act was passed treating the difference in cash deposit as undisclosed business t....

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....Subsequently, Learned CIT(Appeals) passed the appellate order on 29.11.2025 dismissing the appeal filed by the assessee against original assessment order after condonation of delay. I observed that the assessee has made submission on non maintainability of order passed u/s 263. However, the assessee has not taken any specific ground in the above issue. The Assessee had taken only the ground on con....