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TMI Blog2025 (5) TMI 1305X X X X Extracts X X X X X X X X Extracts X X X X ..... l, Sr.D.R. ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This appeal is filed by the Assessee as against the appellate order dated 14.08.2024 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, (in short referred to as "CIT(A)"), arising out of the reassessment order passed under section 147 of the Income Tax Act, 1961 (hereinafter referred to as 't ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt order making addition of Rs. 13,88,527/- as unexplained money u/s. 69A of the Act and Rs. 30,42,200/- on purchase of Gold in commodity trading and demanded tax thereon. 4. On appeal before Commissioner (Appeals), Ld. CIT(A) confirmed the addition on account of cash deposit and however deleted the addition on account of purchase of Gold in commodity trade and partly allowed the appeal. 5. Aggr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to delete the same. 7. Ld. Sr. D.R. appearing for the Revenue could not dispute the source of cash deposits, however supported the order passed by the Lower Authorities. It is seen from the CIT(A)'s order, the Ld. CIT(A) deleted the addition of Rs. 2,86,527/- based on the explanation namely deposit of own savings fund by the assessee but upheld the addition of Rs. 11,02,000/- as not explained pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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