2022 (4) TMI 503

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.... Sr. DR ORDER PER P.M. JAGTAP, VICE-PRESIDENT : This appeal filed by the assessee is directed against the order of Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi ("CIT(A)" in short) dated 22.10.2021 passed ex-parte and the solitary issue involved therein relates to the addition of Rs. 13,10,000/- made by the Assessing Officer and confirmed by the learn....

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....assessee on 31.03.2019 after recording the reasons. There was, however, no response from the assessee either to the said notice issued by the Assessing Officer under Section 148 of the Act or the subsequent notices issues by him. The Assessing Officer, therefore, was left with no option, but to complete the assessment ex-parte to the best of his judgment on the basis of material available on recor....

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....ddition of Rs. 13,10,000/- made by the Assessing Officer on account of cash deposits found to be made in the bank account with ICICI Bank Limited by treating the same as unexplained. Aggrieved by the order of learned CIT(A), the assessee has preferred this appeal before the Tribunal. 4. We have heard the arguments of both the sides and also perused the relevant material available on record. The....

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....e the authorities below thus was due to sufficient cause and the matter may be sent back to the Assessing Officer for giving the assessee one more opportunity to put forth his case on merit so that the source of cash deposits found to be made in his bank account with ICICI Bank can be explained. Learned DR, on the other hand, has submitted that sufficient opportunity of hearing has already been af....