2024 (10) TMI 924

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....countant Member For the Appellant : Shri G.V. Jhabak, FCA For the Respondent : Shri N.S. Phanidharan, IRS, JCIT. ORDER MANU KUMAR GIRI (JUDICIAL MEMBER) The appeal filed by the legal representative of deceased assessee is directed against the order of the Ld. Commissioner of Income Tax(Appeal) Chennai-20 [CIT(A)] dated 30.04.2024 for Assessment Years 2017-18. 2. The assessee has ....

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..../s New Jewel Palace, after demise of the appellant on 27.07.2016, has admitted the unaccounted stock to the tune of Rs. 46,31,251/- found during the survey as income for the year under consideration. However, in response to notice u/s 148 issued for the year, no return of income was filed. The assessment order u/s 147 r.w.s. 144 was passed computing the assessed income at Rs. 46,31,251/- being the....

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....l before us. 4. We find from the record that Smt. Santhilabarek Lathabai who was sole proprietor of M/s New Jewel Palace expired on 27.07.2016. The factum of demise of assessee was already conveyed to the income tax department/revenue when survey u/s 133 was conducted on 17.11.2016 in the case of M/s New Jewel Palace. We also find that digital notice dated 18.02.2020 u/s 148 of the Act was issu....