2026 (7) TMI 1319

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..... DR (VC) ORDER PER ANUBHAV SHARMA, JM: This appeal preferred by the assessee against the order dated 09.01.2026 of Ld. National Faceless Appeal Centre (NFAC) Delhi (hereinafter referred to as the First Appellate Authority or 'the ld. FAA' for short) in DIN & Order No: ITBA/NFAC/S/250/2025-26/1084618598(1) arising out of the assessment order dated 16.03.2023 u/s 147 r.w.s 144B of the Inco....

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....seas Bank. This aspect is crystal clear by the narration of facts in the assessment order. Then in para 3.1 to 3.3 the assessing officer has discussed the issue in context to query raised and the response of the assessee and thereby concluded that no adverse view can be taken with regard to issue of on cash deposits. However, thereafter assessing officer on verifying the details in respect of cert....