TaxTMI 
TaxTMI 
2025 (4) TMI 2043
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....ndent : Shri N. Madan Kumar, JCIT ORDER PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 08.11.2024 passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi for the assessment year 2017-18. 2. The assessee raised 6 grounds of appeal amongst which, the only issue emanates for ou....
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.... and style of M/s. Durga Communications and cash deposits made during the demonetization period were out of sales proceeds. According to the Assessing Officer that the assessee has shown Rs..1,52,16,944/- in the sales for the FY 2016-17 and show-caused the assessee to explain the source of cash deposits made and requested to furnish the bills/vouchers of the purchase and sales made during the demo....
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....sessee has already filed audit report under section 44AD of the Act. He vehemently contended that without verifying the details already available with the Assessing Officer, completing the assessment under section 144 of the Act is bad in law. He also contended that the Assessing Officer failed to obtain bank statement to ascertain the quantum of deposits made during demonetization period and pray....