2025 (5) TMI 2311

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....i Sushil Wadhwa, CA ORDER PER AMITABH SHUKLA, AM: This appeal by Revenue is directed against the order of National Faceless Appeal Centre, Delhi, [for short hereinafter referred to as the "(Ld. CIT(A)"] dated 07.10.2022, for Assessment Year 2017-18. 2. The Ld. Departmental Representative ('DR') informed that the only issue arising in the present appeal is the action of Ld. CIT(A) in de....

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....connection between the cash withdrawals and the corresponding deposit as also applying the human probability test of keeping large cash idle at home, the Ld. AO made the impugned addition of Rs. 78 lakhs. The Ld. DR, thus, argued that the action of the Ld. AO is as per correct appreciation of the facts of the case and deserves to be sustained. The Ld. DR submitted that the relief accorded by Ld. C....

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....made on 19.05.2016. The Ld. Counsel submitted that the impugned amount of Rs. 64,85,476/-, was also offered by it in its wealth tax return, for A.Y. 2016-17. Necessary copies of wealth tax return have also been filed by the assessee in support of his contention. Upon considerations of the cash withdrawals and deposits made by the assessee in previous financial years as well as perusal of wealth ta....