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INCOME TAX APPELLATE TRIBUNAL (AGRA BENCH)
S. Rifaur Rahman, Accountant Member, Sunil Kumar Singh, Judicial Member
Jitendra Kumar Agarwal, HUF – Appellant
Versus
DCIT, Circle 2(1)(1), Agra – Respondent
| Table of Content |
|---|
| 1. factual background of cash deposits and assessment additions. (Para 1 , 2 , 3) |
| 2. assessee's arguments on recorded sales and evidences. (Para 4 , 7) |
| 3. issue determination and parties' submissions. (Para 5 , 6 , 8 , 9) |
| 4. books accepted; no addition for recorded cash sales. (Para 10 , 11 , 12) |
| 5. addition deleted; appeal allowed. (Para 13 , 14) |
ORDER
PER : SUNIL KUMAR SINGH, JUDICIAL MEMBER:
This appeal has been preferred by assessee against the impugned order dated 01.08.2025 passed in Appeal No. CIT(Appeal) 2, Agra/10647/2019-20 by learned CIT(Appeals), NFAC, Delhi u/s. 250 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for the assessment year 2017-18, wherein learned CIT(A) has dismissed assessee’s first appeal.
2. Brief facts state that the assessee is a Hindu Undivided Family (HUF) engaged in the business of trading in silver and gold ornaments under the name and style/proprietorship of M/s R.P.J. Jewellers, Kinari Bazar, Agra. The assessee e-filed its return of income for the assessment year 2017–18 on 31.10.2017, declaring total income of Rs.36,36,270/-. The return was processed u/s. 143(1) of the Act. Subsequently, the case was selected for co
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