2016 (5) TMI 1582

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.... This appeal of the assessee is directed against the order of the Principal Commissioner of Income Tax-6, Chennai, dated 05.11.2015 and pertains to assessment year 2006-07. 2. No one appeared for the assessee even though the notice for hearing was served on the assessee by RPAD. The registry has placed on record a copy of the postal acknowledgement. Therefore, we heard Shri P. Radhakrishnan, the....

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....reasonable opportunity to the assessee. 4. We have heard the Ld. Departmental Representative and perused the material available on record. The assessee deposited a sum of Rs. 2 Crores in his Savings Bank account. On the basis of the information received, the Assessing Officer found that no return of income was filed. Accordingly, a notice was issued under Section 148 of the Act by the Assessing O....