AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2024 (12) TMI 378
X X X X Extracts X X X X
X X X X Extracts X X X X
....R PER RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 21.08.2024 for the AY 2018-19. 02. Though the assessee has raised various grounds of appeal in the memorandum of appeal but during the course of hearing, the counsel of the assessee only pressed a legal issu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s 148 of the was issued on 7.4.2022. The assessee filed the return ofm income in compliance thereto on 6.6.2023 declaring total income of Rs. 30,64,820/-. The statutory notices were duly issued and served on the assessee. The assessee complied with the said notices. The ld. AO on the basis of the said reply did not make any addition qua item as was subject matter of the notice issued u/s 148A(b) o....
X X X X Extracts X X X X
X X X X Extracts X X X X
....assessee has transactions relating to rent receipt and renewal of FDS, etc. Thereafter, the order passed under clause (d) of Section 148A of the Act dated 07/04/2022, stating there that the notice issued u/s 148A(b) was not complied with till 25.03.2022 and the income to the tune of Rs.2,23,23,329/- has escaped assessment for A.Y. 2018-19 on account of TDS (1941) Rent for BNB Paribas, Time Deposit....