2025 (3) TMI 2294

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....R AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2015- 16 arises out of the order of learned Addl. / Joint Commissioner of Income Tax (Appeals), Kolkata [CIT(A)] dated 10-01-2024 in the matter of an assessment framed by Ld. AO u/s 143(3) of the Act on 14-12-2017. At the time of hearing, none appeared for assessee and accordingly, the appeal was proceeded w....

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....of own and family resources. The father-in-law confirmed the transaction. However, Ld. CIT(A) granted partial relief of Rs. 2.01 Lacs and confirmed the remaining addition of Rs. 12.13 Lacs against which the assessee is in further appeal before us. 4. We find that assessee's father-in-law is an agriculturist owning substantial land and he is stated to have advanced loan of Rs. 6 Lacs to the asse....