ORDER

PER V. DURGA RAO, J.M.

The present appeal preferred by the Revenue is against the impugned order dated 29/12/2023, passed by the learned Commissioner of Income Tax (Appeals)–3, Nagpur, [“learned CIT(A)”], for the assessment year 2016–17.

2. In its appeal, the Revenue has raised following grounds:–

“1. On the facts and circumstances of the case & in law, the Ld. CIT(A) has erred in deleting the addition of Rs.7,50,00,000/- on account of Unexplained Expenditure u/s 69C of the I.T. Act, 1961, without appreciating the fact that the addition of Rs.7,50,00,000/- made by the AO was supported with independent finding by issuing notice u/s 133(6) of the I. T. Act, 1961 to Bhagwat Power & Steel Ltd and Aarti Sponge & Power Ltd.

2. On the facts and circumstances of the case & in law, the Ld. CIT(A) erred in deleting the addition of Rs.20,67,364/- on account of difference in additional income disclosed during survey proceedings and returned income declared by the assessee in his return of incom