SHEETAL SAMEER CHAPHEKAR,MUMBAI vs. INCOME TAX OFFICER 31(2)(1), MUMBAI, MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRY & SHRI OMKARESHWAR CHIDARAAssessment Year: 2017-18
Per : Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Assessee against the order dated 04.02.2025, impugned herein, passed by the National
Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax
(Appeals) (in short Ld. Commissioner) u/s 250 of the Income Tax
Act, 1961 (in short ‘the Act’) for the A.Y. 2017-18. Mrs. Sheetal Sameer Chaphekar
2
2. In this case, the Assessing Officer (AO) dated 25.05.2023 due to non-compliance by the Assessee, vide assessment order ultimately made the addition of Rs.1,25,00,000/- as unexplained investment u/s 69 of the Act mainly on the reason that the Assessee during the assessment year under consideration had purchased an immovable property of Rs.1,25,00,000/-, however, source of income of the Assessee and source of investment of Rs.1,25,00,000/- remains unexplained and undisclosed u/s 69 of the Act and therefore the same is added in the hands of the Assessee.
Further, the AO also made the addition of Rs.33,07,000/- on account of difference between the consideration as shown by the Assessee to the tune of Rs.1,25,00,000/- from Sai Siddhant Devhalapars Ache Bhagidar Jayesh Vhi Tanna, registered at the Sub