2025 (7) TMI 1807

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....4. As per the information available, during the previous financial year relevant to assessment year 2013-2014, the assessee has earned an income of Rs. 8,571/- towards insurance commission, and the assessee has deposited cash of Rs. 1,90,85,150/- maintained with Andhra Bank, Mogadampally Branch, Sangareddy District vide Savings Bank A/c.no.xxxxx2302. On verification from ITBA portal, it is noticed that, the assessee had not filed return of income for the assessment year 2013-2014, admitting the income earned from commission of Rs. 8,571/- and also not disclosed the source of funds for the cash deposits made of Rs. 1,90,85,150/- and term deposit of Rs. 2,00,000/-. Therefore, the Assessing Officer had reason to believe that income chargeable ....

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....f the Income Tax Act, 1961. 3. On being aggrieved by the assessment order passed by the Assessing Officer, the assessee preferred an appeal before the learned CIT(A). Before the learned CIT(A) also, despite service of notices u/sec.250 of the Act, the assessee did not chose to appear nor furnished any documentary evidences in support of his claim. Therefore, the learned CIT(A), in absence of any documentary evidences placed before him, sustained all the additions made by the Assessing Officer. 4. Aggrieved by the order of the learned CIT(A), the assessee is now, in appeal before the Tribunal. 5. CA, Kumar Pal Tated, Learned Counsel for the Assessee submitted that, the learned CIT(A) has erred in dismissing the appeal filed by the assesse....

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....explain as to why he has not appeared before the authorities below, there is no reason to give another opportunity to the assessee. He, therefore, submitted that, the order of the learned CIT(A) should be upheld. 7. We have heard both the parties, perused the material on record and the orders of the authorities below. Admittedly, the assessee did not file relevant evidences in support of his case before the Assessing Officer, except filing return of income, in response to notice issued u/sec.148 of the Act, which is evident from the subsequent notice issued u/sec.142(1) of the Act on various dates, for which, no compliance from the assessee. Therefore, we cannot find fault with the best judgment assessment order passed by the Assessing Off....