2025 (6) TMI 1306

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....nformation available with the Department, the assessee had made certain cash deposits in her Bank account of Rs. 54,98,000/- with Andhra Bank, Vijaya Nagar Colony and HDFC Bank, Mehdipatnam, Hyderabad. The case was selected for scrutiny and after recording reasons u/sec.147 of the Income Tax Act, 1961 [in short "the Act"], the Assessing Officer issued notice u/sec.148 of the Act on 30.03.2023. In response, the assessee filed her return of income on 25.04.2023 declaring income of Rs. 40,910/-. The Assessing Officer issued notices u/sec.142(1) of the Act on 12.09.2023 calling explanation from the assessee with regard to the above cash deposit into bank account. The assessee in her reply dated 11.11.2023 submitted that, the said cash received ....

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....e-Learned Counsel for the Assessee, submitted that the learned CIT(A) has not given effective opportunity of hearing and dismissed the appeal filed by the assessee for non-prosecution without even considering the facts of the case brought on record along with Form-35. Therefore, he further submitted that, the appeal may be set aside. The assessee has explained source of cash deposit out of cash withdrawals from assessee's husband's bank account and for which, the assessee has furnished relevant bank statements. Although, the assessee has furnished all details, the learned CIT(A) ignoring the evidences filed by the assessee has made addition. Therefore, he submitted that the matter may be restored back to the file of Assessing Officer to pro....