https://www.taxtmi.com/caselaws?id=753344 ITAT Ahmedabad held that assessment under Section 144 without issuing notice under Section 143(2) was invalid when assessee filed return and responded to AO notices. Best judgment assessment conditions were not met. Addition under Section 69A for unexplained money was deleted as assessee provided credible affidavits from relatives confirming cash deposits belonged to them, supported by their income returns and evidence showing deposits were from fixed deposit maturity proceeds. CIT(A) incorrectly upheld partial assessment. Penalty proceedings under Sections 271AAC(1) and 271F were dropped. Assessee's appeal allowed. en-us Tue, 28 May 2024 00:00:00 +0530 Thu, 30 May 2024 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753344 ITAT Ahmedabad held that assessment under Section 144 without issuing notice under Section 143(2) was invalid when assessee filed return and responded to AO notices. Best judgment assessment conditions were not met. Addition under Section 69A for unexplained money was deleted as assessee provided credible affidavits from relatives confirming cash deposits belonged to them, supported by their income returns and evidence showing deposits were from fixed deposit maturity proceeds. CIT(A) incorrectly upheld partial assessment. Penalty proceedings under Sections 271AAC(1) and 271F were dropped. Assessee's appeal allowed. Case-Laws Income Tax Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753344