2025 (5) TMI 1477

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..... ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2011-12 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 27-10- 2022 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) r.w.s. 147 of the Act on 27-12-2014. The sole grievance of .....

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..... 18 Lacs which represent balance in proprietor's capital account since no business income was shown by the assessee. During first appeal, the Ld. CIT(A) accepted the explanation for Rs. 26.18 Lacs and deleted this addition but sustained another addition of Rs. 11 Lacs for want of satisfactory explanation against which the assessee is in further appeal before us. 3. The undisputed fact that emerges .....

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