2025 (1) TMI 1657

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....of the case are that assessee filed his return of income for the Assessment Year 2012-13 on 17/06/2013. On the reason that assessee made huge cash deposits in his bank account and further did not offer the professional receipts to tax, notice U/s. 148 of the Act was issued on 28/03/2019 and subsequently notice U/s 142(1) of the Act was also issued to the assessee however, there was no response from the assessee. Therefore, the learned Assessing Officer, in the absence of any explanation with respect to the source of cash deposits made in his bank account, completed the assessment U/s. 144 read with section 147 of the Income Tax Act, 1961 ("the Act") and made addition of Rs. 1,48,53,360/- which includes the professional fee received by the a....

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.... adjudicated the case and dismissed the appeal of the assessee. Therefore, the learned AR pleaded for remitting the matter to the file of the learned Assessing Officer in order to provide one more opportunity to the assessee to represent his case. 5. Per contra, learned Departmental Representative ("learned DR") relied on the orders of the lower authorities. 6. We have gone through the record in the light of the submissions made on either side. Record clearly establishes that when the assessee sought adjournment on the ground that due to some disputes of his wife, namely, Smt. S Vaishnavi with the Tirumala Tirupati Devastanams ("TTD") due to which the office space of his wife was sealed by the authorities and the pending litigation, l....