2023 (1) TMI 532

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....t') dated 18.12.2018. The assessee has raised the following grounds of appeal:- "1. The Ld. CIT(A) has erred and was not just and proper on the facts of the case and in law by not passing a speaking order and dismissing the appeal for not prosecuting. 2. The Ld. CIT(A) has erred and was not jut and proper on the facts of the case and in law in confirming the addition of Rs.17,81,580/-. 2. Prayer. 2.1 The addition confirmed by the Ld. CIT(A) may be kindly deleted. 2.2 Personal hearing may be granted. 2.3 Any other relief that your honours may deem fit maybe granted. 3. The assessee craves leave to add, amend, modify alter or delete any of the grounds at the time of hearing." 2. At the outset of hearing, Ld. Authorized Represen....

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....rt of assessee. The Ld. CIT(A) finally dismissed the appeal of assessee after considering the material available on merit. 4. I have considered the submissions of both the parties and have gone through the orders of lower authorities carefully. I find that case of assessee was reopened under section 147 on the basis of information of ITD data that assessee made cash deposits aggregating of Rs.17,81,580/-.The assessee has filed return of income by declaring meagre amount of Rs.2,03,210/-. The Assessing Officer after issuing various notices for verification of fact recorded reasons of re-opening and served notice under section 148 dated 28.03.2018. The Assessing Officer noted that despite granting reasonable opportunities the assessee failed....