IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH : BANGALORE BEFORE SHRI PRASHANT MAHARISHI, VICE PRESIDENT AND SHRI SOUNDARARAJAN K., JUDICIAL MEMBER Assessment Year : 2018-19 Shri Jayapal Deepak Gowda, Proprietor: Aadyas Enterprises, The Income Tax Aadya Distributors, and Aadyas Officer, Athithi, RMC Yard, Ward 1 & TPS, Channarayapatna – 573 116.

Hassan.

Karnataka.

Vs.

PAN: AGPPD3824L APPELLANT RESPONDENT Assessee by : Shri Madhusudhan U.A, Advocate Revenue by : Shri Shivanand Kalakeri, CIT-DR Date of Hearing : 09-03-2026 Date of Pronouncement : 03-06-2026

ORDER

PER SOUNDARARAJAN K., JUDICIAL MEMBER This is an appeal filed by the assessee challenging the order of the NFAC, Delhi dated 08/07/2025 in respect of the A.Y. 2018-19.

2. The brief facts of the case are that the assessee is an individual and filed his return of income. The return was selected for limited scrutiny to examine the issue of cash deposits and unsecured loans. Notices u/s.

142(1) were issued and the assessee also filed various details along with the unsecured loans as well as the cash deposits. The AO alleged that the credit worthiness of the creditors were not established and similarly, the credit worthiness of the de