2023 (7) TMI 377

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....DER PER V. DURGA RAO, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi dated 06.09.2022 relevant to the assessment year 2017-18 passed under section 154 of the Income Tax Act, 1961 ["Act" in short]. 2. The appeal filed by the assessee is delayed by 100 days in filing th....

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....ring the submissions of the assessee, the Assessing Officer has completed the assessment under section 143(3) of the Act dated 16.12.2019 by assessing the total income of the assessee at Rs.. 12,19,650/- after making addition towards unexplained cash deposit during demonetization period of Rs.. 8,99,500/-. Thereafter, the Assessing Officer has passed rectification order under section 154 r.w.s. 14....

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....thorities below. The assessee was engaged in retail sales of mobiles. Since the assessee could not furnish source for the cash deposit of Rs.. 8,99,500/-, the Assessing Officer treated the cash deposit as unexplained income under section 69 of the Act. During the course of rectification proceedings, the assessee has filed sales abstract for the period April, 2016 to March, 2017 for an amount of Rs....