2025 (11) TMI 1836

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....red by the assessee against the order dated 26.07.2024 of the Commissioner of Income Tax (Appeals) NFAC, Delhi [in short 'the CIT (Appeals)] pertaining to 2017-18 assessment year. 2. The appeal is time barred by 177 days. A separate application for condonation of delay has been filed. Considering the averments made in the application and after hearing the ld. DR, the delay in filing the pre....

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....tices were sent on the email.id of the counsel of the assessee concerned and, lateron, on the email. Id of the assessee concerned and since neither the counsel intimated to assessee and also since the firm had closed its business as on 31.03.2014 and, as such, the assessee could not access to his email.id and, as such, he was not aware about such hearings of the notices. 4. Notwithstandin....

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.... of the assessee, at the outset has stated that in this case the assessee has assailed the action of the lower authorities relating to the addition made of Rs. 17,29,000/- on account of cash deposits and further of Rs. 22,25,897/- on account of estimation of business profit in respect of the credit entries in the bank account. The ld. AR has stated at bar that as per the instructions of his client....

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....erwise was required. 6. The ld. DR could not rebut the evidence in the shape of bank statement of the assessee showing that the cash deposits in question of Rs. 17,29,000/- were infact redeposit of the cash withdrawals made by the assessee. The assessee has explained that the aforesaid cash was withdrawn for business purposes, however, since the amount was not required, the same was immediately....