IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH : BANGALORE BEFORE SHRI PRASHANT MAHARISHI, VICE PRESIDENT AND SHRI SOUNDARARAJAN K., JUDICIAL MEMBER Assessment year: 2015-16 Kayum Razak Dhanani, Vs. The Deputy Commissioner No.20, Vaswani Ashton Woods, of Income Tax, Kariyammana Agrahara, Central Circle 2(2), Bellandur, Bangalore – 560 103. Bengaluru.

PAN: ABWPD 8293M APPELLANT RESPONDENT Appellant by : Shri V. Chandrashekar, Advocate Respondent : Shri Shivanand Kalakeri, CIT(DR)(ITAT), Bengaluru.

by Date of hearing : 25.08.2025 Date of : 24.11.2025 Pronouncement

O R D E R

Per Prashant Maharishi, Vice President

1. This appeal is filed by Kayum Razak Dhanani (the assessee/appellant) for the assessment year 2015-16 against the appellate order passed by the CIT(Appeals)-15, Bangalore [ld. CIT(A)] dated 31.1.2024 wherein the appeal filed by the assessee against the assessment order passed u/s. 143(3) r.w.s. 153A of the Income-tax Act, 1961 [the Act] dated 29.12.2019 by the DCIT, Central Circle 2(2), Bengaluru [ld. AO] was dismissed confirming the addition of Rs.3,98,31,520 u/s. 56(2)(vii)(c) of the Act.

2. The assessee is aggrieved and in appeal before us.

3. The assessee has also raised add