2025 (3) TMI 1925

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....gesan, Addl. CIT ORDER PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2011-12 arises out of the order of Learned Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [hereinafter "CIT(A)"] dated 09.07.2024 in the matter of assessment framed by Ld. Assessing Officer [AO] u/s. 144 r.w.s 147 of the Incometax Act, 1961 (hereinafter "th....

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....om sundry debtors and cash withdrawn from his bank account. The assessee has also submitted a copy of bank statement in support of its contention. However, the Ld. CIT(A) did not accept the assessee's explanation stating that there is only ATM cash withdrawal and the assessee has not submitted evidence in support of his claim that cash deposited were sourced from sundry debtor. 4. The Ld. Autho....