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Income Tax Appellate Tribunal, “B” BENCH KOLKATA
Before: Shri Sanjay Garg & Dr. Manish Borad
order : February 22, 2023 आदेश / ORDER संजय गग�, �या�यक सद�य �वारा / Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the assessee against the order dated 26.04.2022 of the National Faceless Appeal Centre [hereinafter referred to as the ‘CIT(A)’] passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’).
The assessee, in this appeal, has contested the action of the lower authorities in making impugned addition of Rs.72,00,000/- in respect of unexplained money received by the assessee from one ‘Shivanand Dealtrade Pvt. Ltd.’ holding that the same to unexplained cash credit invoking the provisions of section 68 of the Act.