2025 (4) TMI 2217

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.... RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 27.09.2024 for the AY 2018-19. 02. The only issue raised by the assessee is against the confirmation of addition of Rs. 18,60,000/- by the ld. CIT(A) which was made by the ld. AO u/s 68 of the Act as unexplained cas....

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....t. Ltd. during the year under consideration while the assessee submitted before the ld. AO that the money was received in liew of sale of shares. The AO also issued notice u/s 133(6) of the Act to M/s Akul Multitrade Pvt. Ltd. to verify the transactions and the said notices were duly replied by the said party confirming the transactions and an affidavit was also filed by the said party. The ld. AO....

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..... from whom the assessee received Rs. 18,60,000/- in liew of these shares. We note that the assessee filed all the evidences before the ld. AO as well as before the ld. CIT(A) qua this share transactions. We also note that the notice issued u/s 133(6) of the Act to M/s Akul Multitrade Pvt. Ltd., was duly responded with all details along with affidavit confirming the said transactions with the asse....