2019 (5) TMI 1060

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....IT (Central)-I, Bhopal. 2. The instant appeal is time bared by 18 days. Application for condonation of delay along with affidavit has been placed before us. Ld. Counsel for the assessee has prayed for condonation of delay but Ld. Departmental Representative opposed. We have perused the record and observe that the assessee was suffering from chikungunya during the month of November which restrained her to carry out the regular affairs. We are convinced that the assessee had a reasonable cause for delay in filing of appeal by 18 days. We accordingly condone the delay in the interest of justice and on humanitarian grounds and admit the appeal for adjudication. 3. The assessee has raised following grounds of appeal; 1. That on the facts of ....

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....es to Assessment Year 2014-15. The assessee had filed return of income for 2014-15 declaring income of Rs. 2,17,790/- on 31.03.2015. The notices u/s 143(2) of the Act was served upon the assessee. Vide questionnaire u/s 142(1) of the Act dated 28.6.2016 assessee was asked to submit details of bank accounts in her name. The assessee submitted copy of bank statement of her bank accounts held with ICICI Bank and Krishna Mercantile Co-op bank Ltd. Ld. A.O noticed that in Krishna Mercantile Co-op bank Ltd during financial year 2013-14 a sum of Rs. 7 lakhs was deposited on various dates starting from 24.02.2014 till 15.3.2014 and except one deposit of Rs. 14,000/- the remaining amount of Rs. 6,85,000/- were deposited in 14 installments at Rs. 49,....

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....uring April, 2013 and June, 2013. The Ld. DR pleaded that the contention of the Ld. Counsel has not merits and addition should be sustained. 8. We have heard rival contentions and perused the records placed before us. Though the assessee has raised 5 grounds of appeal Ground No.1,2,3 & 5 are general in nature and the sole grievance is raised in Ground No.4 for the addition of unexplained cash of Rs. 6,86,000/- (wrongly mentioned at Rs. 7,00,000/- in the grounds of appeal) by Ld. CIT(A). We observe that the assessee was searched u/s 132 of the Act on 13.8.2014 being part of the "Regal Group" in which assessee's husband was one of the partner in M/s Regal Samarth Krishna Builders. During the assessment proceedings for the block period Assess....