Khammam Granites And Mines vs. The Income Tax Officer

Parties Involved

Facts Summary

The present appeal has been preferred by the assessee against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, dated 13/08/2025, passed under section 250 of the Income Tax Act, 1961, arising out of the assessment order passed under section 143(3) of the Act for the Assessment Year 2017-18. The assessee has raised several grounds of appeal against the additions and disallowances made by the NFAC. The assessee's counsel argued that the NFAC dismissed the appeal in a mechanical manner without considering the evidences furnished by the assessee. The counsel for the respondent could not rebut the submissions of the assessee.…

Legal Issues

• 1. Confirmation of addition of Rs.10,58,000/- made in respect of unexplained investment.
• 2. Confirmation of addition of Rs.1,00,000/- made in respect of deposit in bank account of appellant.
• 3. Confirmation of addition of Rs.2,33,00,000/- made u/s 68 of the Act in respect of source of unexplained capital introduced by partners of appellant firm.
• 4. Confirmation of addition of Rs.1,03,81,407/- made u/s 68 of the Act in respect of unsecured loans.
• 5. Confirmation of disallowance of Rs.9,86,222/- made in respect of capitalization of interest expenses claimed by appellant.

Judgment Outcome

Decided in favour of Assessee.

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