ASHOK HEMANDAS ADNANI,ULHASNAGAR vs. INCOME TAX OFFICER, KALYAN
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PER BIJYANANDA PRUSETH, AM:
This appeal filed by the assessee emanates from the order passed u/s250
of the Income-tax Act, 1961 (in short, ‘Act’) by the National Faceless Appeal
Centre [in short, ‘CIT(A)’], dated 24.11.2025 for the assessment year (AY) 2013-
The grounds of appeal raised by the assessee are as under:
“1. The Ld AO has made addition of Rs 1,41,13,357 The Ld AO have made additions on the basis of credits in the bank account. The credits in our bank were not forming part of our turnover We were engaged in bill discounting activities, hence, only net commission income is to be considered as declared by us in our return of income
The order continues below.
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