Unexplained cash deposits sustained where no return, no notice compliance, and no evidence explained the source of funds.

Cash deposits in a bank account were treated as unexplained money under section 69A because the assessee neither filed a return nor complied with assessment and appellate notices, and offered no material to explain the source of the deposits. The Assessing Officer completed the assessment ex parte under section 144, the first appellate authority sustained the addition, and the Tribunal found no rebuttal or contrary evidence from the assessee. On that basis, the addition was upheld as the unexplained cash deposits remained uncontroverted.

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Issues: Whether the addition made on account of cash deposits as unexplained money under section 69A of the Income-tax Act, 1961 was liable to be sustained where the assessee did not file the return, did not respond to notices, and did not controvert the findings of the authorities below.

Analysis: The assessee failed to file any return of income, did not comply with notices issued during assessment and appellate proceedings, and did not place any material to explain the source of cash deposits in the bank account. In the absence of any explanation or rebuttal, the Assessing Officer completed the assessment ex parte under section 144 and treated the cash deposits as unexplained money under section 69A. The first appellate authority affirmed the addition, and no contrary material was produced before the Tribunal.

Conclusion: The addition under section 69A was rightly sustained and the assessee's challenge failed.

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