2025 (3) TMI 1984

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....cate )- Ld. AR For the Respondent : Shri Vivek Vardhan (Addl. CIT) - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by revenue for Assessment Year (AY) 2018-19 arises out of an order of learned Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 03-09-2024 in the matter of an assessment framed by Ld. AO u/s 144 r.w.s. 147 of the Act on 18.02.2024. T....

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....urces". The findings of the ld. CIT(A)) had contained in the appeal. 3. The Ld. CIT(A) had concluded that the withdrawal from the Bank could not be treated as unexplained expenditure u/s 69C. In the remand order, learned AO had confirmed that the assessee was engaged in the money exchange business on commission basis and earned commission income. Considering the facts, the cash withdrawal could....