2025 (3) TMI 2264

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....a Shrivastava - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2017-18 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 05-12-2022 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 29-12-2019. Th....

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....e proceedings, the assessee stated that it maintained proper books of accounts and the books were duly audited. The deposits were made out of cash balance as available in the cash book. The assessee filed VAT returns reflecting sales made by it during October, 2016. However, Ld. AO, going by statistical trends, upheld the impugned addition against which the assessee is in further appeal before us.....