2023 (4) TMI 1101

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l raised by the assessee are as under: "1. That the Ld. A.O. has erred both in law and on facts while issue of notice u/s 148 of the Income Tax Act, 1961 and therefore the assessment made by Ld. Income Tax Officer, ward-4, Patan is bad in law, illegal and void ab-initio. 2. That the Notice issued U/s 148 of the I.T. Act, 1961 is barred by limitation, and without jurisdiction, therefore the proceedings itself is bad in law and requires to be quashed. 3. That the Notice issued u/s 148 of the I.T. Act, 1961 by Income Tax Officer, ward-4, Patan is without satisfaction as defined u/s 147 and U/s 151(1) of the I.T. Act, 1961 and therefore the assessment my please be quashed. 4. That the Ld. CIT(A), Gandhinagar ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Unjha. The assessee has made huge cash transaction." 4. Accordingly, notice under Section 148 of the Income Tax Act 1961 was issued on 31.03.2018. In response to the above notice there was no compliance from the assessee and subsequent notices were also not replied by the assessee, therefore, show-cause notice dated 20.11.2018 was issued for finalizing assessment under Section 144 of the Act. The assessee did not respond the same. Hence, the Assessing Officer made addition of Rs. 12,31,600/- after giving benefit of cash withdrawals made and from the account and re-deposited in the account to the extent of peak amount treated the same is unexplained income of the assessee. 5. Being aggrieved by the assessment order the assessee filed a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Assessing Officer while recording the reasons as well as while passing the assessment order. The Ld. A.R. relied upon the decision of Bir Bahadur Singh Sijwadi vs. ITO (2015) 53 taxmann.com (Delhi-Trib.). The Ld. A.R. relied upon the following decisions as well : (i) Sunrise Education Trust vs. ITO (Guj. HC) (ii) ITO, Ward-3(1)(1), Rajkot vs. Shri Girishkumar Mohanlal Puruswani ITA No. 405 to 407/Rjt/2016, ITAT - Rajkot Bench (iii) Ashish Natvarlal VAshi vs. ITO, Ward-1, Navsari (ITAT - Surat) ITA 3522/Ahd/2016 (iv) Mariyam Ismail Rajwani vs. ITO, Ward - 3(2), Surat, ITA No. 676/Ahd/2016 (ITAT -Ahd) (v) Dadasaheb Vithoba Navale vs. DCIT, ITA No. 255/Pun/2019 and ITA No. 266/Pun/2019, ITAT- Pu....