आयकर अपीलीय अिधकरण, हैदराबाद पीठ¤, हैदराबाद INCOME TAX APPELLATE TRIBUNAL, HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI VIJAY PAL RAO, VICE PRESIDENT AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER ITA.No.9/HYD/2025 िनधाªरण वषª/Assessment Year: 2022-23 Income Tax Officer, Sai Balaji Developers Ward-1 vs. Mahbubnagar-509216, Mahbubnagar-509001, Telangana.

Telangana. PAN ACZFS1334C (Appellant) (Respondent)

ITA.No.907/HYD/2025 िनधाªरण वषª/Assessment Year: 2022-23 Sai Balaji Developers Income Tax Officer, Mahbubnagar-509216, vs. Ward-1 Telangana. Mahbubnagar-509001, PAN ACZFS1334C Telangana. (Appellant) (Respondent)

For Revenue : MS. U Minichandran, CIT-DR For Assessee : Sri C Maheshwar Reddy, CA Date of Hearing : 13.05.2026 Date of Pronouncement : 03.06.2026 ORDER PER VIJAY PAL RAO, VICE PRESIDENT :

These cross appeals filed by the Revenue and Assessee are directed against the Order dated 06.11.2024 of learned CIT(A)-National Faceless Assessment Centre [in short “NFAC”], Delhi, for the assessment year 2022-2023.

2. The Revenue has raised the following grounds of appeal:

1) “The CIT(A) failed to appreciate that the assessee could not establish the primary onus on its part to explain the sources