2023 (6) TMI 1164

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....R Per Manish Borad, Accountant Member: This appeal filed by the assessee pertaining to the Assessment Year (in short "AY") 2016-17 is directed against the revisionary order passed u/s 263 of the Income Tax Act, 1961 (in short the "Act") by Principal Commissioner of Income Tax [in short ld. "PCIT"] dated 04.03.2021. 2. The Registry has informed that the appeal is time-barred by 66 days. Th....

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....nd admit the appeal for adjudication. 3. The case was called for. None appeared for the assessee. In the past, various notices have been served through RPAD but there is no compliance. We, therefore, deem it fit to hear this appeal with the assistance of ld. DR and the available records. 4. Though the assessee has raised four grounds of appeal but the solitary grievance is challenging the va....

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....n LIC pension at Rs.1,36,151/- and also not disclosed the income from land acquisition at Rs.4,34,176/-. The assessee was issued show-cause notice u/s 263 of the Act for which there was no compliance. Further, we notice that ld. PCIT examined the issue raised in the show-cause notice and observed that a TDS u/s 194LA of the Act at Rs.43,418/- was deducted on the payment of compensation on acqui....