2025 (4) TMI 793

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..... ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2018-19 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 09-12-2022 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 21-09-2021. The short issue to be adjudicated .....

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..... ake up for excess cash, construction expenditure and gifts as stated to be made by the assessee. However, Ld. AO rejected the same and assessed additional income u/s 69A which would be taxable at higher rates as specified u/s 115BBE. The Ld. CIT(A) confirmed the same against which the assessee is in further appeal before us. 3. From the computation of income, it clearly emerges that the substanti .....

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