2025 (3) TMI 1815

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....A. For the Respondent : Dr. M.D. Vijay Kumar, JCIT ORDER PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 19.02.2024 passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi for the assessment year 2018-19. 2. We find that this appeal is filed with a delay of 208 days. The a....

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....ed reassessment, inter alia, making addition of Rs..3,59,11,562/-. The ld. CIT(A), taking into consideration the audit report, cash deposits and withdrawals, adopted the profit rate at 8% of receipts shown in the profit & loss account. 5. Before us, the ld. AR Shri R. Venkata Raman, C.A. submits that the Assessing Officer passed giving effect order, in pursuance of the directions of the ld. CIT....

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....reated as business income only, but, not income from other sources and drew our attention to the first para of page 15 of the impugned order. Taking into consideration of the same, we find force in the argument of the ld. AR when there is no dispute with regard to the business of the assessee which is clear from page 15 of the impugned order i.e., travels by operating buses, there should not be an....