2025 (9) TMI 578

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....i Sulabh Padshah, AR For the Respondent : Shri Prateek Sharma, Sr DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal has been filed by the Assessee against the order passed by the Ld. ADDL/JCIT(A), Panchkula (hereinafter referred to as "CIT(A)" for short) dated 10.01.2025 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for....

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....ion of Rs 12,52,589/-ignoring facts and circumstances of case. It is submitted that the necessary details and explanations were filed during assessment proceeding, could not be filed before CIT(A) because of ex-parte order passed. In view of this, it is prayed before your honour that Learned CIT (Appeals) may please be directed to hear the appellant again along with all the details and evidences a....

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....ase, no interest is chargeable and therefore the incorrect interest charged u/s 234A/234B/234C of the I.T. Act be deleted." 3. In this case, the assessee is engaged in the wholesale & retail trading business of Charcoal at Radhanpur. The assessee has filed his return of income for the year under consideration on 28.10.2017, declaring total income at Rs. 2,96,940/-. The case of the assessee was ....

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....eal before the Ld. CIT(A) and the Ld. CIT(A), in an ex-parte order, upheld the addition. 5. Aggrieved by the order of the Ld. CIT(A), the assessee is now in appeal before the Tribunal. 6. We have heard the rival contentions and perused the material available on record. The total cash deposits were to the tune of Rs. 43.72 lakhs. Further, we find that the assessee had filed an explanation reg....