2025 (4) TMI 2058

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....l Singh, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No. 1/DDN /2024 for AY 2020-21, arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'ld. NFAC', in short] dated 30.03.2023 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 20.10.2022 by the Asses....

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....me of Rs. 10,63,790/-. The assessee during the year under consideration had shown gross agricultural receipts of Rs. 37,75,498/- and net agricultural income of Rs. 25,57,697/-. The assessee submitted the entire cash flow statement for the whole financial year 2019-20 along with letter dated 22.01.2022 together with all the bank accounts including the agricultural accounts. The assessee submitted t....

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....he Act. The ld AO observed on verification of computation of total income of the assessee, assessee had shown rental receipt from M/s. Xperience Hospitality of Rs. 23,20,508/- which is also cross verifiable from Form 26AS of the assessee for the year under consideration. Accordingly, the ld AO disbelieved the contention of the assessee that Rs. 2,55,000/- represent rental income and since the natu....