TaxTMI 
TaxTMI 
2024 (12) TMI 1808
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....e Revenue : Shri Abhijit Kundu, CITDR ORDER Per Rajesh Kumar, AM: This is an appeal preferred by the assessee against the order of the Ld. Commissioner of Income Tax (Appeals)-NFAC, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 26.08.2024 for the AY 2018-19. 2. At the time of hearing, ground no. 1 is not pressed by the Counsel of the assessee and therefore the same is dismi....
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....6-17 and AY 2017-18. The AO upon examination of the evidences filed by the assessee came to the conclusion that the assessee has partly furnished the details sought in the reply and has not fully co-operated in the assessment proceedings. Finally the AO made two additions; one in respect of total current investments of Rs. 6,74,64,000/- and second of total short term loan and advances of Rs. 12,46....
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.....2021, the assessee could not have been able to furnish any details, explanation or supporting documents with regard to the source of aforesaid investments of Rs. 19,21,00,329/- till date. In view of above facts and circumstances of the case, the source of aforesaid total investment of Rs. 19,21,00,329/- is remained unexplained from the material available on record. I therefore after considering t....
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....ing the order of AO by passing a very cryptic order. 6. After hearing the rival contentions and perusing the material on record, we find that both the authorities below have passed the respective orders without any application of mind to the facts available on records and details also furnished by the assessee. We have examined bank accounts of the assessee in respect of IDBI and UBI bank and a....