2020 (3) TMI 1273

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....year under consideration on 26.03.2011 declaring total income of Rs. 2,05,951/-. The said return was initially processed by the Assessing Officer under section 143(1) of the Act on 31.07.2014. The assessment, however, was subsequently reopened by the Assessing Officer and a notice under section 148 was issued by him after recording the reasons. In reply, a letter was filed by the assessee stating therein that the return originally filed by him on 26.03.2011 may be treated as the return filed in response to notice under section 148. During the course of assessment proceedings, the assessee was called upon by the Assessing Officer to explain the cash deposits of Rs. 24,11,600/- and cheque deposits of Rs. 26,59,877/- found to be made in his Ba....

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....inst the order passed by the Assessing Officer under section 143(3)/147 of the Act, an appeal was preferred by the assessee before the ld. CIT(Appeals) challenging the addition of Rs. 5,00,000/- made by the Assessing Officer to his total income under section 68. There was, however, no satisfactory compliance on the part of the assessee to the notices issued by the ld. CIT(Appeals) fixing the said appeal for hearing from time to time and keeping in view the same, the ld. CIT(Appeals) dismissed the appeal of the assessee for non-prosecution vide his appellate order dated 26.03.2019 passed ex-parte. Aggrieved by the order of the ld. CIT(Appeals), the assessee has preferred this appeal before the Tribunal. 4. I have heard the arguments of bo....