TaxTMI 
TaxTMI 
2026 (9) TMI 927
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.... Shri Samir Vora, AR For the Revenue : Shri Rakesh Rathi, SR-DR ORDER PER NARENDRA PRASAD SINHA, ACCOUNTANT MEMBER: This appeal is filed by the Assessee against the order of National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as "CIT(A)"] dated 26.06.2025 for the Assessment Years (A.Y.) 2018-19 in the proceeding u/s 147 r.w.s 144B of the Income Tax Act [hereinafter r....
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....assessee had filed an appeal before the first appellate authority, which was decided by the Ld. CIT(A) vide the impugned order and the appeal of the assessee was dismissed. Th 4. Now, the assessee in second appeal before us. The following grounds have been taken in this appeal: 1.1 The order passed u/s. 250 on 26.06.2025 for AY 2018-19 by NFACICITIA) (for short CITIA)] Delhi confirming....
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....n holding that deduction u/s. 80P of Rs. 11.06,120/- was not admissible in view of sec. 80A(5), though the return was filed in response to notice u/s 148. 3.1 That in the facts and circumstances of the case as well as in law, the Ld (IT(A) ought to have held that the impugned reassessment notice as well as proceedings were illegal and unlawful since the condition precedent were not satisf....
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....t correct in making addition in respect of an altogether difference issue which was not part of the reason recorded by him. 6. Per contra, Shri Rakesh Rathi, the Ld. SR-DR supported the order of the lower authorities. 7. We have considered the rival submissions. The undisputed facts are that the case of the assessee was reopened to examine the cash deposits of Rs. 1,08,04,000/- in the bank a....