In the result, appeal of the Revenue is partly allowed for statistical purposes in terms of our observations herein above

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.197/Rpr/2022 ("नधा"रण वष" / Assessment Year: 2018-19) Income Tax Officer, Vs Smt. Nirmala Devi Shrishrimal, Ward-Mahasamund, 31, M.B. Building, Gandhi Chowk, Chhattisgarh Mahasamund, Chhattisgarh Pan No. : Ajgps 0562 G (अपीलाथ" /Appellant) .. (""यथ" / Respondent) "नधा"रती क" ओर से /Assessee By : Sh. Amit M. Jain, Advocate राज"व क" ओर से /Revenue By : Sh. Simran Bhullar, Cit(Dr) सुनवाई क" तार"ख / Date Of Hearing : 18.07.2023 घोषणा क" तार"ख/Date Of Pronouncement : 31.07.2023 आदेश / O R D E R Per Arun Khodpia, Am : The Present Appeal By The Revenue Is Directed Against The Order Of Learned Commissioner Of Income Tax (Appeals) – National Faceless Appeals Centre (Nfac), Delhi, Dated 29.08.2023 For The Assessment Year 2018-19. The Revenue Has Raised The Following Grounds Of Appeal:- 1. On The Facts & The Circumstances Of The Case Whether The Ld. Cit(A), Nfac Was Justified In Deleting The Addition Of Rs.3,12,98,657/- U/S 68 Of The I.T. Act, 1961 Without Calling For Remand Report From The Ao On The Issue Of Unexplained Increase In Capital U/S 68 Of The Act. 2. Any Other Grounds That May Be Adduced At The Time Of Hearing. 2. The Brief Facts Of The Case Are That The Appellant Assessee Is An Individual Has Filed Her Return Of Income For The Assessment Year 2018-19 On 30Th March, 2019, Showing A Total Income Of Rs.7,03,830/-. The Case Of Assessee Was Selected For Limited Scrutiny Assessment Under E- Assessment Scheme, 2019 On The Issue Of Share Capital/Other Capital.

3A) & 143(3B) of the Act by the AO. Learned AO has made certain calculations regarding the increase in the share capital of the assessee and after making such calculations learned AO arrived at a conclusion that a sum of Rs.3,12,98,657/- was unexplained cash credit withing the meaning of section 68