APPEAL AGAINST DEMAND ORDER U/S 156

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Assessee being an agriculturist sold a part of his agricultural land for ₹ 52,50,000/- in FY 2009-10 and deposited whole amount in his bank savings account.Then assesse transferred whole amount to his son settled in Canada. Assessee has no Pan no. and never filed income tax return .Therefore peak credit of bank account ₹ 53,52,151 assessed as unexplained credit u/s 69A .The department served various notices to Assessee but assessee himself also settled in Canada and no one can appear before tax authorirties.Now a month before assessee come to know about the Assessment order u/s 144 read with section 147 of IT Act.

Query 1. How to file appeal before CIT of Non Pan based assessee ?

Query 2. What grounds of appeal we should make to break this demand order?

Query 3. Any further expert opinion from your valuable experience in such cases ?

AI Summary

Agriculturist's Land Sale Funds Transferred to Son in Canada; Unexplained Income Assessed Under Section 69A, Appeal Filed Without PAN. An agriculturist sold agricultural land for 52,50,000 in FY 2009-10 and transferred the amount to his son in Canada without having a PAN or filing tax returns. The tax department assessed the bank account's peak credit as unexplained under Section 69A and issued notices, but the assessee, now in Canada, was unaware until recently. Queries include how to appeal without a PAN, grounds for appeal, and expert advice. The reply suggests calculating and paying any due taxes with interest, filing an appeal, and submitting a delay condonation petition explaining the circumstances.