TaxTMI 
TaxTMI 
2025 (4) TMI 2206
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....asi Kumar, CIT ORDER PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER: This appeal filed by the assessee is directed against the order passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, dated 19.11.2024 and pertains to assessment year 2013-14 under section 250 of the Income Tax Act, 1961 ["Act" in short]. 2. The only effective ground raised in....
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....nk accounts and relevant details and on perusal of the same, the Assessing Officer noted that the assessee has total credits of Rs..37,20,894/- in his savings bank account during the financial year 2012-13 with Tamilnad Mercantile Bank Ltd., besides having total credit of Rs..17,30,728/- in his savings bank account in City Union Bank. Further, the assessee has saving bank joint account with his br....
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....tten submissions of the assessee, the ld. CIT(A) confirmed the addition made by the Assessing Officer. On being aggrieved, the assessee is in appeal before the Tribunal. 4. The ld. AR Shri P.M. Kathir, Advocate submits that though the assessee filed details of bank statements, ledger account, etc. before the ld. CIT(A) as could be evident at page 4 of the impugned order, the ld. CIT(A) has not ....
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....s admitted Rs..1,19,660/- as his business income from contract business. Accordingly, the Assessing Officer treated the difference amount of Rs..25,81,264/- as undisclosed additional business income of the assessee and brought to tax, which was confirmed by the ld. CIT(A). In the impugned order, the ld. CIT(A) has observed that the assessee could not file the details and evidences regarding bank d....